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 Southwestern Energy Company (SWN), a filing with the SEC revealed that on Friday, Sr. Vice President of Subsidiary Paul W. Geiger III purchased 20,000 shares of SWN, for a cost of $24.84 each, for a total investment of $496,740. Southwestern Energy Company is trading up about 3.4% on the day Wednesday.
And on Tuesday, Chief Human Resources Officer William S. Allen bought $36,263 worth of Macy's (M), buying 570 shares at a cost of $63.62 each. Before this latest buy, Allen bought Macy's on 4 other occasions during the past year, for a total cost of $144,932 at an average of $60.44 per share. Macy's is trading up about 1.1% on the day Wednesday.
