When people in charge of a company take on more position in the stock of the company, there are two possibilities. First, it could be that they can see the company making strides in a positive direction. Second, it could be that the company’s stock is rather undervalued, or both. Whatever their reason is, one sure thing is that they expect to make money.

Perhaps this is the reason Thomas L. Hoy, chairman of Arrow Financial (NASDAQ: AROW) bought $199500 worth of share on January 25, 2013. This sum of money was enough to get him 5000 shares. Was it shrewd of Mr. Hoy to buy 5000 shares? Read on to find an answer to this question.

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