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 Tuesday, Edwards Lifesciences (EW)'s Director, Steven R. Loranger, made a $505,344 purchase of EW, buying 5,000 shares at a cost of $101.07 a piece. Bargain hunters are able to pick up EW at a price even lower than Loranger did, with the stock changing hands as low as $99.27 at last check today -- that's 1.8% under Loranger's purchase price. Edwards Lifesciences is trading off about 0.1% on the day Friday. This buy marks the first one filed by Loranger in the past year.
And on Thursday, Director Duane Nelles bought $278,307 worth of American Assets Trust (AAT), buying 7,000 shares at a cost of $39.76 each. Before this latest buy, Nelles made one other buy in the past twelve months, purchasing $435,027 shares for a cost of $39.55 each. American Assets Trust is trading up about 1.4% on the day Friday. So far Nelles is in the green, up about 1.9% on their buy based on today's trading high of $40.51.
