Friday 11/12 Insider Buying Report: MGI, BLL

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.

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 MoneyGram International, a filing with the SEC revealed that on Thursday, Director W.

Bruce Turner bought 269,600 shares of MGI, for a cost of $5.65 each, for a total investment of $1.52M.

So far Turner is in the green, up about 9.9% on their purchase based on today's trading high of $6.21.

MoneyGram International is trading up about 10.6% on the day Friday.

This purchase marks the first one filed by Turner in the past twelve months.

And on Tuesday, COO Ronald J.

Lewis purchased $912,625 worth of Ball, purchasing 10,000 shares at a cost of $91.26 each.

This purchase marks the first one filed by Lewis in the past year.

Ball is trading up about 2% on the day Friday.

Lewis was up about 2.8% on the buy at the high point of today's trading session, with BLL trading as high as $93.81 at last check today.