Thursday 4/23 Insider Buying Report: CUTR, GRPN

Thursday 4/23 Insider Buying Report: CUTR, GRPN

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.

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 Tuesday, Cutera's Director, J.

Daniel Plants, made a $999,999 buy of CUTR, purchasing 95,238 shares at a cost of $10.50 each.

So far Plants is in the green, up about 26.2% on their buy based on today's trading high of $13.25.

Cutera is trading up about 9.3% on the day Thursday.

Before this latest buy, Plants bought CUTR on 3 other occasions during the past year, for a total investment of $595,544 at an average of $16.77 per share.

And at Groupon, there was insider buying on Monday, by Director Theodore Leonsis who bought 1,000,000 shares at a cost of $0.95 each, for a trade totaling $950,000.

This purchase marks the first one filed by Leonsis in the past year.

Groupon is trading up about 7.8% on the day Thursday.

Leonsis was up about 15.8% on the buy at the high point of today's trading session, with GRPN trading as high as $1.10 in trading on Thursday.