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.
On Monday, Versum Materials' Director, Seifi Ghasemi, made a $668,200 buy of VSM, purchasing 20,000 shares at a cost of $33.41 a piece. Versum Materials is trading off about 0.5% on the day Thursday. This purchase marks the first one filed by Ghasemi in the past twelve months.
And at Inovalon Holdings, there was insider buying on Tuesday, by Chief Operating Officer Jason Capitel who purchased 20,000 shares at a cost of $11.05 each, for a total investment of $221,100. This buy marks the first one filed by Capitel in the past twelve months. Inovalon Holdings Inc is trading off about 0.2% on the day Thursday. So far Capitel is in the green, up about 2.2% on their purchase based on today's trading high of $11.30.
For MarketNewsVideo.com, I'm Sayoko Murase.
Free Email Alerts By Stock:
Launch related slideshow:
Tuesday 4/16 Insider Buying Report: SAIC, BLND
Monday 4/15 Insider Buying Report: LGVN, WDFC
Friday 4/12 Insider Buying Report: ATOS, TRDA
S&P 500 Analyst Moves: AES
Dow Analyst Moves: TRV
S&P 500 Analyst Moves: KEYS
Wednesday Sector Laggards: Trucking, Waste Management Stocks
Wednesday Sector Leaders: Precious Metals, Airlines
Tuesday Sector Laggards: Agriculture & Farm Products, General Contractors & Builders
Nasdaq 100 Movers: TSLA, ABNB
S&P 500 Movers: EFX, GPC
Dow Movers: IBM, UNH
Daily Dividend Report: QCOM,PEG,ENTG,SON,CFG
Daily Dividend Report: JNJ,BK,LNT,WHR,ALLY
Daily Dividend Report: NNN,CRS,AON,MPW,COKE
Fed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
Weekly Market Wrap: August 14, 2015
Weekly Market Wrap: August 7, 2015
Weekly Market Wrap: July 31, 2015
Week Ahead Market Report: June 8, 2015
Week Ahead Market Report: May 18, 2015
Week Ahead Market Report: May 4, 2015
