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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 Thursday, Crocs' Director, John B. Replogle, made a $249,949 buy of CROX, purchasing 1,972 shares at a cost of $126.75 each. Crocs is trading up about 1.5% on the day Friday. This buy marks the first one filed by Replogle in the past twelve months.
And at LivePerson, there was insider buying on Tuesday, by Director William Wesemann who purchased 100,000 shares for a cost of $1.00 each, for a total investment of $100,000. Before this latest buy, Wesemann made one other purchase in the past twelve months, buying $78,200 shares at a cost of $3.91 a piece. LivePerson is trading down about 1.1% on the day Friday. Investors are able to pick up LPSN even cheaper than Wesemann did, with shares changing hands as low as $0.96 in trading on Friday -- that's 4.5% below Wesemann'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.
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