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 Monday, FutureFuel's Chief Executive Officer, Mckinlay Thomas, made a $87,600 purchase of FF, buying 20,000 shares at a cost of $4.38 each. So far Thomas is in the green, up about 5.7% on their purchase based on today's trading high of $4.63. FutureFuel is trading up about 2.3% on the day Wednesday. This buy marks the first one filed by Thomas in the past year.
And at Diamond Hill Investment Group, there was insider buying on Monday, by Director Richard Scott Cooley who purchased 500 shares at a cost of $150.00 each, for a trade totaling $75,000. Diamond Hill Investment Group is trading down about 0.5% on the day Wednesday.
VIDEO: Wednesday 6/5 Insider Buying Report: FF, DHIL
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