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 Spire Corp. (SPIR), a filing with the SEC revealed that on Tuesday, Director Udo Henseler purchased 20,363 shares of SPIR, for a cost of $0.64 each, for a total investment of $12,959. Bargain hunters can grab SPIR at a price even lower than Henseler did, with the stock changing hands as low as $0.58 at last check today -- that's 8.8% under Henseler's purchase price. Spire Corp. is trading up about 6.8% on the day Friday. This purchase marks the first one filed by Henseler in the past twelve months.
And on Thursday, CFO Mark J. Miller purchased $5,600 worth of Full House Resorts, Inc. (FLL), purchasing 2,000 shares at a cost of $2.80 a piece. Before this latest buy, Miller bought FLL at 3 other times during the past twelve months, for a total cost of $16,858 at an average of $2.64 per share. Full House Resorts, Inc. is trading off about 1% on the day Friday. Bargain hunters can buy FLL even cheaper than Miller did, with shares changing hands as low as $2.66 in trading on Friday which is 5.0% below Miller's purchase price.
For MarketNewsVideo.com, I'm Sayoko Murase.
