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 Pulse Biosciences (NASDAQ:PLSE), a filing with the SEC revealed that on Thursday, Director Maky Zanganeh bought 28,790 shares of PLSE, at a cost of $23.96 each, for a total investment of $689,801. Pulse Biosciences is trading off about 1.5% on the day Monday. Before this latest buy, Zanganeh purchased PLSE on 3 other occasions during the past twelve months, for a total investment of $1.68M at an average of $19.80 per share.
And also on Thursday, Director Joshua Lionel Nash bought $428,478 worth of AV Homes (NASDAQ:AVHI), buying 28,093 shares at a cost of $15.25 each. AV Homes is trading up about 3.3% on the day Monday. So far Nash is in the green, up about 4.6% on their purchase based on today's trading high of $15.95.
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