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 MannKind Corp (NASDAQ:MNKD), a filing with the SEC revealed that on Friday, Director Kent Kresa purchased 166,600 shares of MNKD, at a cost of $6.00 each, for a total investment of $999,600. Bargain hunters can bag MNKD even cheaper than Kresa did, with the stock changing hands as low as $5.40 in trading on Monday which is 10.0% below Kresa's purchase price. MannKind Corp is trading up about 7.6% on the day Monday.
And at Paramount Gold Nevada Corp (AMEX:PZG), there was insider buying on Thursday, by Director Christopher J. Reynolds who purchased 10,000 shares at a cost of $1.40 each, for a trade totaling $14,000. Before this latest buy, Reynolds purchased PZG at 2 other times during the past year, for a total cost of $37,600 at an average of $1.88 per share. Paramount Gold Nevada Corp is trading up about 3.1% on the day Monday. Investors have the opportunity to buy PZG at a price even lower than Reynolds did, with the stock changing hands as low as $1.34 at last check today which is 4.3% below Reynolds's purchase price.
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%.