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Top Buys by Directors: Nussbaum's $3M Bet on ARQL
Monday, July 1, 1:10 PM ET, by Market News Video Staff

The directors of a company tend to have a unique inside view into the business, ...

Top Buys by Directors: Nussbaum's $3M Bet on ARQL

By Market News Video Staff, Monday, July 1, 1:10 PM ET
Play Video: One Reason For Insiders to Buy


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The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $3M by Ran Nussbaum, Director at ArQule Inc. (NASDAQ:ARQL).

Nussbaum bets big on ARQL:

Purchased Insider Title Shares Price/Share Value
06/27/2019 Ran Nussbaum Director 307,692 $9.75 $2,999,997.00

Nussbaum's average cost works out to $9.75/share. Shares of ArQule Inc. were changing hands at $10.99 at last check, trading off about 0.3% on Monday. The chart below shows the one year performance of ARQL shares, versus its 200 day moving average:

ArQule Inc. Chart

Looking at the chart above, ARQL's low point in its 52 week range is $2.23 per share, with $11.35 as the 52 week high point — that compares with a last trade of $10.99.


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Top Buys by Directors: Nussbaum's $3M Bet on ARQL | Market News Video | Copyright © 2008 - 2020, All Rights Reserved

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