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 one noteworthy recent insider buy.
On Thursday, Annexon's Director, Muneer A. Satter, made a $9.42M purchase of ANNX, buying 2,453,988 shares at a cost of $3.84 each. Satter was up about 19.8% on the buy at the high point of today's trading session, with ANNX trading as high as $4.60 at last check today. Annexon is trading up about 9.5% on the day Tuesday. This buy marks the first one filed by Satter in the past year.
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