As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
At Epizyme (EPZM), a filing with the SEC revealed that on Monday, Director David M. Mott purchased 200,000 shares of EPZM, for a cost of $15.25 each, for a total investment of $3.05M. Mott was up about 22.6% on the purchase at the high point of today's trading session, with EPZM trading as high as $18.70 at last check today. Epizyme is trading up about 3.6% on the day Tuesday. This purchase marks the first one filed by Mott in the past year.
And on Friday, Director George C. McNamee bought $440,442 worth of Plug Power (NASDAQ:PLUG), buying 200,000 shares at a cost of $2.20 each. Plug Power is trading off about 1.6% on the day Tuesday. McNamee was up about 15.1% on the buy at the high point of today's trading session, with PLUG trading as high as $2.54 at last check today.
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%.