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Friday 8/24 Insider Buying Report: PTLA, AMTD Friday, August 24, 10:36 AM 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 Portola Pharmaceuticals (PTLA), a filing with the SEC revealed that on Thursday, Director Jeffrey W. Bird purchased 390,000 shares of PTLA, at a cost of $25.84 each, for a total investment of $10.08M. So far Bird is in the green, up about 5.9% on their buy based on today's trading high of $27.36. Portola Pharmaceuticals is trading up about 5.4% on the day Friday. This purchase marks the first one filed by Bird in the past twelve months.
And at TD Ameritrade Holding Corporation (AMTD), there was insider buying on Tuesday, by EVP, Retail Distribution Peter J. Desilva who bought 5,000 shares for a cost of $56.73 each, for a total investment of $283,650. TD Ameritrade Holding Corporation is trading up about 0.6% on the day Friday. So far Desilva is in the green, up about 1.3% on their purchase based on today's trading high of $57.49.
For MarketNewsVideo.com, I'm Sayoko Murase. | |
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