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 Liberty Latin America, a filing with the SEC revealed that on Monday, Director Brendan J. Paddick bought 50,000 shares of LILA, at a cost of $6.17 each, for a total investment of $308,434. So far Paddick is in the green, up about 3.3% on their buy based on today's trading high of $6.37. Liberty Latin America is trading off about 0.3% on the day Thursday. Before this latest buy, Paddick bought LILA at 4 other times during the past twelve months, for a total cost of $6.83M at an average of $8.54 per share.
And also on Monday, Director Walter Field McLallen purchased $122,520 worth of Lovesac, purchasing 5,000 shares at a cost of $24.50 a piece. Lovesac is trading off about 0.6% on the day Thursday.
VIDEO: Thursday 12/26 Insider Buying Report: LILA, LOVE
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