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.
At OPKO Health (NASDAQ:OPK), a filing with the SEC revealed that on Friday, Executive VP-Administration Steven D. Rubin purchased 2,000 shares of OPK, at a cost of $9.18 each, for a total investment of $18,353. OPKO Health is trading down about 0.6% on the day Tuesday.
And at Actinium Pharmaceuticals (AMEX:ATNM), there was insider buying on Friday, by Executive Chairman Sandesh Seth who purchased 5,000 shares for a cost of $0.88 each, for a total investment of $4,400. Before this latest buy, Seth purchased ATNM at 2 other times during the past twelve months, for a total investment of $34,800 at an average of $1.74 per share. Actinium Pharmaceuticals is trading trading flat on the day Tuesday. So far Seth is in the green, up about 4.5% on their buy based on today's trading high of $0.92.
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