In the past week or so, some initial public offerings prompted big insider buying.
A well-known adage reminds us that corporate insiders and 10% owners really only buy shares of a company because they believe the stock price will rise and they want to profit from it. Thus, insider buying can be an encouraging signal for potential investors.
With the second-quarter earnings-reporting season over, insiders are largely free to buy or sell shares until the next season begins. Here are some of the most notable insider purchases that were reported recently.
This post originally appeared at 24/7 Wall St.