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.
Friday 11/12 Insider Buying Report: ACGL, SLVM
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 Arch Capital Group, a filing with the SEC revealed that on Thursday, Director John M.
Pasquesi purchased 484,544 shares of ACGL, for a cost of $41.23 each, for a total investment of $19.98M.
Arch Capital Group is trading up about 1.9% on the day Friday.
And also on Thursday, SVP & GM, North America Gregory C.
Gibson purchased $574,152 worth of Sylvamo, purchasing 18,800 shares at a cost of $30.54 each.
Sylvamo Corporation is trading up about 6.7% on the day Friday.