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 Flotek Industries, a filing with the SEC revealed that on Friday, Director Matthew Wilks bought 1,319,493 shares of FTK, at a cost of $26.01 each, for a total investment of $34.32M. Wilks was up about 10.6% on the buy at the high point of today's trading session, with FTK trading as high as $28.75 in trading on Wednesday. Flotek Industries is trading up about 5% on the day Wednesday. This purchase marks the first one filed by Wilks in the past twelve months.
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