To The Moon

A board member just bet $2 million on a turnaround.There have been a few instances of insider purchases in the wake of the recent software selloff, with the latest coming from Microsoft director John Stanton. Microsoft board member John Stanton just bought $2 million worth of stock.Microsoft's stock has been a major laggard in recent months, and now a board member just bought the dip.John Stanton, a Microsoft director, scooped up 5,000 shares of Microsoft at $397.35 on Wednesday, paying almost $2 million. He disclosed the purchase in a filing with the Securities and Exchange Commission later in the day.Microsoft didn't immediately respond to a request for comment on behalf of the company or Stanton.Don't miss: Microsoft's stock may be 'dead money' even after historic $357 billion market-cap wipeout. Microsoft shares are off 23% in the past six months, while the S&P 500 SPX is up 7% over that span. On a year-to-date basis, Microsoft's stock is down 17% and the worst performer of the "M