Thursday 12/12 Insider Buying Report: HSAC, IGMS
Thursday, December 12, 10:37 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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Friday, Health Sciences Acquisitions Corp (HSAC)'s Chief Executive Officer, Roderick Wong, made a $510,125 buy of HSAC, purchasing 50,000 shares at a cost of $10.20 each. Wong was up about 11.4% on the purchase at the high point of today's trading session, with HSAC trading as high as $11.37 at last check today. Health Sciences Acquisitions Corp is trading up about 2.7% on the day Thursday. Before this latest buy, Wong bought HSAC on 10 other occasions during the past year, for a total cost of $8.42M at an average of $10.26 per share.
And on Monday, Director M. Kathleen Behrens purchased $497,316 worth of IGM Biosciences (IGMS), purchasing 20,000 shares at a cost of $24.87 a piece. Before this latest buy, Behrens made one other purchase in the past year, buying $1M shares at a cost of $16.00 each. IGM Biosciences is trading up about 7.1% on the day Thursday. Behrens was up about 13.8% on the buy at the high point of today's trading session, with IGMS trading as high as $28.30 in trading on Thursday.
For MarketNewsVideo.com, I'm Sayoko Murase.
|
Free Email Alerts By Stock:
Launch related slideshow:
Monday 4/15 Insider Buying Report: LGVN, WDFC
Friday 4/12 Insider Buying Report: ATOS, TRDA
Thursday 4/11 Insider Buying Report: HCI
S&P 500 Analyst Moves: AES
Dow Analyst Moves: TRV
S&P 500 Analyst Moves: KEYS
Monday Sector Laggards: Transportation Services, Home Furnishings & Improvement Stocks
Monday Sector Leaders: Defense, Non-Precious Metals & Non-Metallic Mining Stocks
Friday Sector Laggards: Semiconductors, Airlines
Nasdaq 100 Movers: TSLA, MELI
S&P 500 Movers: CRM, MTB
Dow Movers: CRM, GS
Daily Dividend Report: NNN,CRS,AON,MPW,COKE
Daily Dividend Report: UNM,CSWI,ALLE,TRGP,AGR
Daily Dividend Report: LEN,COST,FUL,FAST,CAG
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
