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 Friday, Yum! Brands (YUM)'s Director, Tanya L. Domier, made a $249,888 purchase of YUM, buying 2,652 shares at a cost of $94.23 each. Bargain hunters can grab YUM even cheaper than Domier did, with shares trading as low as $93.07 at last check today which is 1.2% under Domier's purchase price. Yum! Brands is trading up about 0.2% on the day Tuesday.
And at Invesco (IVZ), there was insider buying on Friday, by Director Rod Canion who bought 10,000 shares for a cost of $17.97 each, for a trade totaling $179,700. Invesco is trading up about 1.7% on the day Tuesday. So far Canion is in the green, up about 3.3% on their purchase based on today's trading high of $18.56.
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