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 Misonix ( MSON ), a filing with the SEC revealed that on Monday, Director Stavros G. Vizirgianakis bought 69,509 shares of MSON, for a cost of $5.70 each, for a total investment of $396,201. So far Vizirgianakis is in the green, up about 19.3% on their purchase based on today's trading high of $6.80. Misonix is trading up about 2.3% on the day Wednesday. This buy marks the first one filed by Vizirgianakis in the past year.
And on Friday, Director Thomas Gravina purchased $154,650 worth of FS Investment Corporation ( FSIC ), purchasing 15,000 shares at a cost of $10.31 a piece. FS Investment Corporation is trading up about 0.8% on the day Wednesday. Gravina was up about 2.8% on the buy at the high point of today's trading session, with FSIC trading as high as $10.60 in trading on Wednesday.