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 take a look at two notable recent insider purchases.
Thursday, Children’s Place director Norman S. Matthews purchased $ 449,570 from PLCE, purchasing 28,300 shares at a cost of $ 15.89 each. Children’s Place trades around 20.7% on Monday. Prior to this latest purchase, Matthews purchased PLCE two more times in the past twelve months, for a total cost of $ 723,780 at an average of $ 39.12 per share.
And on Wednesday, director Indra K. Nooyi bought $ 193,041 from Amazon.com, buying 100 shares at a price of $ 1930.41 each. Prior to this latest purchase, Nooyi purchased AMZN two more times in the past twelve months, for a total cost of $ 360,106 at an average of $ 1,800.53 per share. Amazon.com trades around 2.1% on Monday.
VIDEO: Monday 4/6 Report on insider buying: PLCE, AMZN
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