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.
Tuesday 6/29 Insider Buying Report: EXLS, GBDC
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, ExlService Holdings' Director, Garen K.
Staglin, made a $267,075 buy of EXLS, purchasing 2,500 shares at a cost of $106.83 each.
ExlService Holdings is trading up about 1.7% on the day Tuesday.
And at Golub Capital BDC, there was insider buying on Thursday, by Chief Executive Officer David Golub who purchased 10,000 shares at a cost of $15.60 each, for a trade totaling $156,000.
Before this latest buy, Golub bought GBDC on 81 other occasions during the past twelve months, for a total investment of $19.08M at an average of $13.20 per share.
Golub Capital BDC is trading up about 0.4% on the day Tuesday.