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 Monsanto ( MON ), a filing with the SEC revealed that on Monday, Director Charles S. McMillan bought 3,500 shares of MON, at a cost of $ 103.23 each, for a total investment of $ 361,319. Bargain hunters can snag MON even cheaper than McMillan did, with the stock changing hands as low as $ 101.54 in trading on Thursday which is 1.6% below McMillan’s purchase price. Monsanto is trading up about 0.3% on the day Thursday. Before this latest buy, McMillan made one other buy in the past year, purchasing $ 305,375 shares for a cost of $ 87.25 a piece. And on Tuesday, Director Francis P. Barton purchased $ 17,600 worth of Inventergy Global ( INVT ), purchasing 17,600 shares at a cost of $ 1.00 a piece. Inventergy Global is trading off about 5.6% on the day Thursday. Bargain hunters are able to snag INVT at a price even lower than Barton did, with shares changing hands as low as $ 0.72 at last check today — that’s 28.0% under Barton’s purchase price.
VIDEO: Thursday 10/13 Insider Buying Report: MON, INVT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Plantations International