"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 Thursday, Freeport-McMoran Copper & Gold (FCX)’s Vice Chairman of the Board, James C. Flores, made a $11.8M buy of FCX, purchasing 500,000 shares at a cost of $23.60 a piece. Investors have the opportunity to grab FCX even cheaper than Flores did, with shares trading as low as $22.54 in trading on Friday — that’s 4.5% under Flores’s purchase price. Freeport-McMoran Copper & Gold is trading down about 1.1% on the day Friday".