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, Cerus Corp. (NASDAQ:CERS)'s Chief Scientific Officer, Laurence M. Corash, made a $773,199 purchase of CERS, buying 150,011 shares at a cost of $5.15 each. So far Corash is in the green, up about 7.7% on their purchase based on today's trading high of $5.55. Cerus Corp. is trading up about 5.2% on the day Friday. Before this latest buy, Corash made one other purchase in the past year, buying $227,259 shares at a cost of $2.45 a piece.
And at Quality Systems (QSII), there was insider buying on Thursday, by Chief Financial Officer James Robert Arnold Jr. who purchased 40,000 shares for a cost of $13.10 each, for a trade totaling $524,000. This buy marks the first one filed by Arnold Jr. in the past twelve months. Quality Systems is trading up about 4.2% on the day Friday. Arnold Jr. was up about 5.0% on the buy at the high point of today's trading session, with QSII trading as high as $13.76 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.