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.
On Thursday, Corporate Office Properties Trust (NYSE:OFC)'s Executive Vice President & COO, Paul R. Adkins, made a $290,600 purchase of OFC, buying 10,000 shares at a cost of $29.06 each. Corporate Office Properties Trust is trading up about 0.4% on the day Friday.
And on Monday, CEO Meenu Chhabra bought $200,000 worth of Proteostasis Therapeutics (NASDAQ:PTI), buying 40,000 shares at a cost of $5.00 each. This purchase marks the first one filed by Chhabra in the past year. Proteostasis Therapeutics is trading up about 2.4% on the day Friday.
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.