Implied XHS Analyst Target Price: $113 Monday, July 3, 8:20 AM ET, by Market News Video Staff Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Notable Tuesday Option Activity: SQ, OPK, PANW Tuesday, October 31, 3:31 PM ET, by Market News Video Staff Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume ...
Top Buys by Top Brass: CEO & Chairman Frost's $715.4K Bet on OPK
By Market News Video Staff, Wednesday, December 22, 12:38 PM ET
A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. 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 — 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 the ''top brass'' over the trailing six month period, one of which was a total of $715.4K invested across 2 purchases by Phillip Frost, M.D et. al., CEO & Chairman at OPKO Health Inc (NASDAQ:OPK).
Frost bets big on OPK:
Purchased
Insider
Title
Shares
Price/Share
Value
08/13/2021
Phillip Frost, M.D et. al.
CEO & Chairman
100,000
$3.69
$368,987.24
09/14/2021
Phillip Frost, M.D et. al.
CEO & Chairman
100,000
$3.46
$346,443.42
Frost's average cost works out to $3.58/share. Shares of OPKO Health Inc were changing hands at $4.54 at last check, trading up about 1.8% on Wednesday. The chart below shows the one year performance of OPK shares, versus its 200 day moving average:
Looking at the chart above, OPK's low point in its 52 week range is $3.26 per share, with $6.27 as the 52 week high point — that compares with a last trade of $4.54.
This Article's Word Cloud:BetsBrassBuysChairmanDaysDollarsFrostHealthInsiderInsidersJoinLookingOPKOOfferPhillipPlacePresumablyPricePurchasedSevenShareSharesSpecialStartTitleValueValueForumWednesdayaboutaboveacrossaveragebelowbuyschartcompanyinsiderlastmakemaybemdashpointsharestocktakethattheirtheyweekwith
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%.
Play Video:
One Reason For Insiders to Buy
Free Email Alerts By Stock:
Start slideshow: