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.
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 Tuesday, Karuna Therapeutics' Director, James Healy, made a $4.47M buy of KRTX, purchasing 62,282 shares at a cost of $71.74 a piece.
So far Healy is in the green, up about 8.2% on their buy based on today's trading high of $77.63.
Karuna Therapeutics is trading up about 3.8% on the day Thursday.
Before this latest buy, Healy made one other buy in the past twelve months, purchasing $15M shares at a cost of $96.00 a piece.
And also on Tuesday, Co-Chief Executive Officer AJ Teague bought $170,290 worth of Enterprise Products Partners, buying 10,000 shares at a cost of $17.03 each.
Before this latest buy, Teague bought EPD on 5 other occasions during the past year, for a total cost of $1.07M at an average of $19.29 per share.
Enterprise Products Partners is trading up about 0.5% on the day Thursday.
Teague was up about 3.0% on the purchase at the high point of today's trading session, with EPD trading as high as $17.54 in trading on Thursday.