Snag Shares of NAUT 10.3% Cheaper Than the CEO DidBy Market News Video Staff, Thursday, August 18, 1:42 PM ETThere's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on August 8, Nautilus Biotechnology Inc's CEO, Sujal M. Patel, invested $146,090.11 into 50,000 shares of NAUT, for a cost per share of $2.92. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Thursday, bargain hunters could buy shares of Nautilus Biotechnology Inc (NASDAQ:NAUT) and achieve a cost basis 10.3% cheaper than Patel, with shares changing hands as low as $2.62 per share. Nautilus Biotechnology Inc shares are currently trading down about 1.1% on the day. The chart below shows the one year performance of NAUT shares, versus its 200 day moving average:
Looking at the chart above, NAUT's low point in its 52 week range is $2.53 per share, with $8.56 as the 52 week high point — that compares with a last trade of $2.66. By comparison, below is a table showing the prices at which NAUT insider buying was recorded over the last six months:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.
This Article's Word Cloud:
Anna
August
Back
Bargain
Bargains
Biotechnology
Cheaper
Counsel
Days
Dollars
General
Insider
Insiders
Join
Looking
Matthew
Mowry
Murphy
NAUT
Nautilus
Offer
Patel
President
Price
Purchased
Secretary
Seven
Share
Shares
Special
Sujal
about
below
buying
chart
cost
hunters
insider
last
only
point
reason
share
shares
stock
that
their
trading
week
with
|