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 Digital Media Solutions (DMS), a filing with the SEC revealed that on Wednesday, Director Lyndon Lea purchased 2,000,000 shares of DMS, at a cost of $9.36 each, for a total investment of $18.72M. Lea was up about 2.9% on the buy at the high point of today's trading session, with DMS trading as high as $9.63 at last check today. Digital Media Solutions is trading up about 2.7% on the day Monday. This purchase marks the first one filed by Lea in the past year. And also on Wednesday, Jack Sheidler purchased $20,000 worth of German American Bancorp, purchasing 665 shares at a cost of $30.07 a piece. Before this latest buy, Sheidler purchased GABC on 5 other occasions during the past twelve months, for a total investment of $23,029 at an average of $33.52 per share. German American Bancorp is trading off about 0.1% on the day Monday. Bargain hunters can pick up GABC at a price even lower than Sheidler did, with shares trading as low as $29.12 in trading on Monday -- that's 3.2% below Sheidler's purchase price. | |||||
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