Friday 1/11 Insider Buying Report: INSM, FC Friday, January 11, 12:45 PM 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 Wednesday, Insmed Inc (INSM)'s CEO, William Lewis, made a $74,313 purchase of INSM, buying 10,770 shares at a cost of $6.90 each. Insmed Inc is trading down about 4.8% on the day Friday. Before this latest buy, Lewis made one other purchase in the past year, buying $99,860 shares for a cost of $7.36 each.
And at Franklin Covey Co. (FC), there was insider buying on Thursday, by Director Michael Fung who bought 3,815 shares at a cost of $13.10 each, for a total investment of $49,976. This purchase marks the first one filed by Fung in the past twelve months. Franklin Covey Co. is trading up about 0.2% on the day Friday.
For MarketNewsVideo.com, I'm Sayoko Murase.
|