Thursday 10/18 Insider Buying Report: ALLO, RPM Thursday, October 18, 10:33 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 Allogene Therapeutics (ALLO), a filing with the SEC revealed that on Monday, Director Owen N. Witte bought 15,000 shares of ALLO, at a cost of $18.00 each, for a total investment of $270,000. So far Witte is in the green, up about 37.7% on their purchase based on today's trading high of $24.79. Allogene Therapeutics is trading off about 2.4% on the day Thursday. This purchase marks the first one filed by Witte in the past twelve months.
And at RPM International (RPM), there was insider buying on Monday, by Director John M. Ballbach who bought 3,360 shares at a cost of $59.53 each, for a total investment of $200,018. Before this latest buy, Ballbach made one other purchase in the past twelve months, buying $503,163 shares for a cost of $62.12 a piece. RPM International is trading up about 0.4% on the day Thursday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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