Market News Video
Thursday 10/17 Insider Buying Report: HT, RCUS
Thursday, October 17, 10:42 AM ET

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

On Monday, Hersha Hospitality Trust (HT)'s COO, Neil H. Shah, made a $49,653 buy of HT, purchasing 3,571 shares at a cost of $13.90 each. Hersha Hospitality Trust is trading off about 0.7% on the day Thursday. Before this latest buy, Shah purchased HT at 5 other times during the past twelve months, for a total cost of $352,100 at an average of $15.45 per share.

And at Arcus Biosciences (RCUS), there was insider buying on Monday, by Chief Medical Officer William Grossman who purchased 400 shares for a cost of $8.00 each, for a trade totaling $3,200. Arcus Biosciences is trading up about 2.5% on the day Thursday. Grossman was up about 4.4% on the buy at the high point of today's trading session, with RCUS trading as high as $8.35 in trading on Thursday.

For MarketNewsVideo.com, I'm Sayoko Murase.

Thursday 10/17 Insider Buying Report: HT, RCUS
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