Thursday 1/29 Insider Buying Report: ALNY, SSB
Thursday, January 29, 5:16 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.
On Monday, Alnylam Pharmaceuticals (ALNY)'s Director, Steven M. Paul, made a $95,000 purchase of ALNY, buying 1,000 shares at a cost of $95.00 a piece. Bargain hunters can bag ALNY at a price even lower than Paul did, with the stock changing hands as low as $90.00 at last check today -- that's 5.3% under Paul's purchase price. Alnylam Pharmaceuticals Inc is trading up about 0.8% on the day Thursday. This buy marks the first one filed by Paul in the past twelve months.
And on Wednesday, Director Alton Clarence Phillips purchased $60,170 worth of South State Corp (SSB), purchasing 1,000 shares at a cost of $60.17 each. This purchase marks the first one filed by Phillips in the past twelve months. South State Corp is trading up about 1.2% on the day Thursday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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