Tuesday 7/2 Insider Buying Report: TIVO, INSM Tuesday, July 2, 3:07 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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At TiVo (TIVO), a filing with the SEC revealed that on Monday, CEO Thomas S. Rogers purchased 10,000 shares of TIVO, for a cost of $11.14 each, for a total investment of $111,366. TiVo is trading up about 3.4% on the day Tuesday.
And at Insmed (INSM), there was insider buying on Monday, by CEO William Lewis who purchased 7,585 shares for a cost of $9.83 each, for a trade totaling $74,547. Before this latest buy, Lewis purchased INSM on 3 other occasions during the past year, for a total cost of $248,579 at an average of $7.28 per share. Insmed is trading up about 2.8% on the day Tuesday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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