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.
On Friday, Seritage Growth Properties ( SRG )'s, Edward S. Lampert, made a $2.81M buy of SRG, purchasing 77,638 shares at a cost of $36.17 each. Seritage Growth Properties is trading up about 0.4% on the day Wednesday. This buy marks the first one filed by Lampert in the past year.
And at Fortress Transportation & Infrastructure Investors ( FTAI ), there was insider buying on Friday, by Director Martin Tuchman who purchased 79,324 shares for a cost of $16.41 each, for a total investment of $1.30M. Before this latest buy, Tuchman made one other buy in the past twelve months, purchasing $466,250 shares for a cost of $18.65 each. Fortress Transportation & Infrastructure Investors is trading up about 0.3% on the day Wednesday. Investors are able to snag FTAI at a price even lower than Tuchman did, with the stock trading as low as $16.25 in trading on Wednesday -- that's 1.0% under Tuchman's purchase price.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
