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Thursday 5/5 Insider Buying Report: RXDX, ISIL
Thursday, May 5, 10:53 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 Ignyta (NASDAQ:RXDX), a filing with the SEC revealed that on Wednesday, Director Alexander W. Casdin bought 232,000 shares of RXDX, for a cost of $6.25 each, for a total investment of $1.45M. So far Casdin is in the green, up about 15.3% on their buy based on today's trading high of $7.21. Ignyta is trading up about 1.5% on the day Thursday. Before this latest buy, Casdin made one other purchase in the past year, buying $1.15M shares for a cost of $17.50 a piece.

And also on Wednesday, CEO Necip Sayiner purchased $255,486 worth of Intersil Corp. (NASDAQ:ISIL), purchasing 22,000 shares at a cost of $11.61 a piece. Before this latest buy, Sayiner made one other purchase in the past twelve months, buying $398,050 shares at a cost of $10.47 each. Intersil Corp. is trading up about 2.1% on the day Thursday. So far Sayiner is in the green, up about 4.3% on their purchase based on today's trading high of $12.11.

For MarketNewsVideo.com, I'm Sayoko Murase.

Thursday 5/5 Insider Buying Report: RXDX, ISIL picture
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Thursday 5/5 Insider Buying Report: RXDX, ISIL | Market News Video | Copyright © 2008 - 2016, All Rights Reserved

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