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 Wednesday, Esperion Therapeutics (NASDAQ:ESPR)'s Director, Mark E. McGovern, made a $50,000 purchase of ESPR, buying 5,000 shares at a cost of $10.00 a piece. McGovern was up about 5.6% on the purchase at the high point of today's trading session, with ESPR trading as high as $10.56 in trading on Thursday. Esperion Therapeutics is trading up about 1.6% on the day Thursday. This buy marks the first one filed by McGovern in the past year.
And at Xplore Technologies Corp. (XPLR), there was insider buying on Tuesday, by Chief Financial Officer Thomas Wiley Wilkinson who bought 10,000 shares for a cost of $2.44 each, for a trade totaling $24,444. Before this latest buy, Wilkinson made one other buy in the past year, purchasing $40,312 shares for a cost of $4.03 each. Xplore Technologies Corp. is trading down about 4.1% on the day Thursday. Bargain hunters are able to buy XPLR at a price even lower than Wilkinson did, with the stock trading as low as $2.35 in trading on Thursday -- that's 3.9% under Wilkinson's purchase price.
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