As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
At AMC Entertainment Holdings ( AMC ), a filing with the SEC revealed that on Monday, CEO AND PRESIDENT Adam M. Aron bought 31,747 shares of AMC, for a cost of $31.50 each, for a total investment of $1.00M. Thus far Aron is down about 0.8% on the buy, with shares trading as low as $31.25 at last check today. AMC Entertainment Holdings is trading down about 0.2% on the day Tuesday. Before this latest buy, Aron bought AMC on 2 other occasions during the past twelve months, for a total cost of $576,558 at an average of $28.83 per share.
And on Friday, Director Anne K. Altman purchased $151,307 worth of MAXIMUS ( MMS ), purchasing 2,700 shares at a cost of $56.04 each. This buy marks the first one filed by Altman in the past twelve months. MAXIMUS is trading up about 1.2% on the day Tuesday. So far Altman is in the green, up about 4.9% on their buy based on today's trading high of $58.80.
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