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, Peoples Financial Services ( PFIS )'s Director, William E. Aubrey II, made a $315,529 purchase of PFIS, buying 6,400 shares at a cost of $49.30 each. Peoples Financial Services Corp is trading off about 0.1% on the day Wednesday.
And at The New Home Company ( NWHM ), there was insider buying on Monday, by Chief Executive Officer H. Lawrence Webb who purchased 23,381 shares at a cost of $12.43 each, for a trade totaling $290,632. This purchase marks the first one filed by Webb in the past twelve months. The New Home Company Inc is trading up about 2% on the day Wednesday. Investors are able to buy NWHM at a price even lower than Webb did, with shares trading as low as $11.76 at last check today which is 5.4% below Webb'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.
