MNV
Market News Video
MNV MNV 10 Stocks Crossing Below Book Value
MNV
MNV
MNV
MNV
MNV
MNV
MNV
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Surprising Analyst 12-Month Target For VB
Monday, May 8, 7:23 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

XHE's Holdings Could Mean 24% Gain Potential
Thursday, June 8, 7:48 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Analysts Forecast 13% Upside For The Holdings of IHI
Monday, July 10, 10:16 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Commit To Buy Butterfly Network At $1, Earn 29.6% Annualized Using Options
Tuesday, January 16, 2:16 PM ET, by Market News Video Staff

Investors eyeing a purchase of Butterfly Network Inc (BFLY) stock, but tentative about paying the ...

Commit To Buy Butterfly Network At $0.50, Earn 19.7% Annualized Using Options
Tuesday, April 16, 1:05 PM ET, by Market News Video Staff

Investors eyeing a purchase of Butterfly Network Inc (BFLY) stock, but tentative about paying the ...

Grab This Bargain Even Cheaper Than Director Robbins Did

By Market News Video Staff, Thursday, August 19, 1:40 PM ET
Play Video: One Reason For Insiders to Buy


If the video does not load after a few moments, Upgrade to the Latest Flash Player.
Email EnvelopeFree Email Alerts By Stock:
Get Dividend Alerts
Get SEC Filing Alerts

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on May 27, Butterfly Network Inc's Director, Larry Robbins, invested $2,106,792.85 into 189,905 shares of BFLY, for a cost per share of $11.09. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Thursday, bargain hunters could buy shares of Butterfly Network Inc (NYSE:BFLY) and achieve a cost basis 9.3% cheaper than Robbins, with shares changing hands as low as $10.06 per share. Butterfly Network Inc shares are currently trading down about 0.4% on the day. The chart below shows the one year performance of BFLY shares, versus its 200 day moving average:

Butterfly Network Inc Chart

Looking at the chart above, BFLY's low point in its 52 week range is $9.20 per share, with $29.13 as the 52 week high point — that compares with a last trade of $10.29. By comparison, below is a table showing the prices at which BFLY insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
05/27/2021 Larry Robbins Director 189,905 $11.09 $2,106,792.85

Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.


This Article's Word Cloud:   BFLY   Back   Bargain   Bargains   Butterfly   Cheaper   Days   Director   Dollars   Insider   Insiders   Join   Larry   Looking   NYSE   Network   Offer   Price   Purchased   Robbins   Seven   Share   Shares   Special   Start   Street   Than   There   Thursday   Title   Value   about   below   buying   chart   cost   hunters   insider   last   only   point   reason   share   shares   stock   that   their   trading   week   with
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy
MNV
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV
MNV MNV Stock Message Boards Stock Market Definitions
MNV

Grab This Bargain Even Cheaper Than Director Robbins Did | Market News Video | Copyright © 2008 - 2024, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.

X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?


Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.

You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.