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 Kaleido Biosciences ( KLDO ), a filing with the SEC revealed that on Monday, Executive Chair Michael W. Bonney purchased 71,520 shares of KLDO, at a cost of $13.97 each, for a total investment of $999,492. So far Bonney is in the green, up about 8.0% on their buy based on today's trading high of $15.09. Kaleido Biosciences is trading down about 2.3% on the day Tuesday. This purchase marks the first one filed by Bonney in the past year.
And at Ryman Hospitality Properties ( RHP ), there was insider buying on Monday, by CEO Colin V. Reed who purchased 6,106 shares at a cost of $82.46 each, for a trade totaling $503,508. Before this latest buy, Reed bought RHP at 2 other times during the past twelve months, for a total cost of $1.48M at an average of $76.95 per share. Ryman Hospitality Properties is trading flat on the day Tuesday. So far Reed is in the green, up about 1.0% on their purchase based on today's trading high of $83.28.