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 one noteworthy recent insider buy. At Angel Studios, there was insider buying on Thursday, by Director Steven I. Sarowitz who bought 488,637 shares for a cost of $5.19 each, for a total investment of $2.54M. Before this latest buy, Sarowitz bought ANGX on 3 other occasions during the past twelve months, for a total cost of $2.58M at an average of $3.53 per share. Angel Studios Inc Class A is trading up about 2.2% on the day Monday. Sarowitz was up about 8.7% on the purchase at the high point of today's trading session, with ANGX trading as high as $5.64 in trading on Monday.
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