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Top Buys by Top Brass: CEO Lisi's $260.8K Bet on XAIR
Monday, June 29, 10:03 AM ET, by Market News Video Staff

A company's own top management tend to have the best inside view into the business, ...

Top Buys by Directors: Lisi's $260.8K Bet on XAIR
Monday, June 29, 4:58 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: Lisi's $260.8K Bet on XAIR

By Market News Video Staff, Monday, June 29, 4:58 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 $260.8K by Steven A. Lisi, CEO at Beyond Air Inc (NASDAQ:XAIR).

Lisi bets big on XAIR:

Purchased Insider Title Shares Price/Share Value
06/25/2020 Steven A. Lisi CEO, Chairman 35,000 $7.45 $260,750.00

Lisi's average cost works out to $7.45/share. In trading on Monday, bargain hunters could buy shares of Beyond Air Inc (NASDAQ:XAIR) and achieve a cost basis lower than Lisi, with shares changing hands as low as $7.05 per share. Shares of Beyond Air Inc were changing hands at $7.21 at last check, trading up about 1.9% on Monday. The chart below shows the one year performance of XAIR shares, versus its 200 day moving average:

Beyond Air Inc Chart

Looking at the chart above, XAIR's low point in its 52 week range is $3.45 per share, with $12.50 as the 52 week high point — that compares with a last trade of $7.21.


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This Article's Word Cloud:   Beyond   Buys   Chairman   Channel   Company   Directors   Dividend   Insider   Lisi   Looking   Monday   Newsletter   Offer   Premium   Presumably   Price   Purchased   Receive   Share   Shares   Special   Start   Steven   Title   Value   XAIR   about   above   average   buys   changing   chart   company   cost   directors   hands   last   make   maybe   mdash   point   share   shares   stock   take   that   they   trading   week   with
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