Thursday 1/29 Insider Buying Report: VSTM, OKSB Thursday, January 29, 12:18 PM ET
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
At Verastem (VSTM), a filing with the SEC revealed that on Wednesday, Director Timothy J. Barberich bought 38,462 shares of VSTM, for a cost of $6.50 each, for a total investment of $250,003. So far Barberich is in the green, up about 18.8% on their purchase based on today's trading high of $7.72. Verastem is trading down about 0.2% on the day Thursday. Before this latest buy, Barberich made one other buy in the past year, purchasing $9,895 shares for a cost of $9.89 each.
And on Monday, Director Russell William Teubner bought $157,052 worth of Southwest Bancorp (OKSB), buying 10,000 shares at a cost of $15.71 each. Before this latest buy, Teubner bought OKSB on 4 other occasions during the past twelve months, for a total cost of $145,329 at an average of $16.15 per share. Southwest Bancorp is trading up about 0.7% on the day Thursday. Investors have the opportunity to buy OKSB at a price even lower than Teubner did, with shares changing hands as low as $15.24 in trading on Thursday -- that's 3.0% under Teubner's purchase price.
For MarketNewsVideo.com, I'm Sayoko Murase.
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