Monday 10/17 Insider Buying Report: ALNY, RHP
Monday, October 17, 10:31 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 Thursday, Alnylam Pharmaceuticals (ALNY)'s Director, David Pyott, made a $1.03M buy of ALNY, purchasing 27,900 shares at a cost of $37.00 a piece. Investors have the opportunity to buy ALNY even cheaper than Pyott did, with the stock changing hands as low as $35.21 at last check today which is 4.8% under Pyott's purchase price. Alnylam Pharmaceuticals is trading up about 1.9% on the day Monday. This buy marks the first one filed by Pyott in the past twelve months.
And at Ryman Hospitality Properties (RHP), there was insider buying on Friday, by CEO Colin V. Reed who bought 8,040 shares for a cost of $49.75 each, for a total investment of $399,966. Before this latest buy, Reed purchased RHP on 3 other occasions during the past year, for a total investment of $1.14M at an average of $52.03 per share. Ryman Hospitality Properties is trading off about 0.4% on the day Monday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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