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Tuesday 4/10 Insider Buying Report: ICPT, KMX
Tuesday, April 10, 10:45 AM ET

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 Intercept Pharmaceuticals (NASDAQ:ICPT), a filing with the SEC revealed that on Monday, Genextra bought 390,625 shares of ICPT, for a cost of $64.00 each, for a total investment of $25M. Genextra was up about 11.9% on the buy at the high point of today's trading session, with ICPT trading as high as $71.59 at last check today. Intercept Pharmaceuticals Inc is trading up about 2.7% on the day Tuesday.

And on Friday, Director Peter J. Bensen bought $310,600 worth of Carmax (NYSE:KMX), buying 5,000 shares at a cost of $62.12 a piece. This purchase marks the first one filed by Bensen in the past twelve months. Carmax is trading up about 2.1% on the day Tuesday. Bargain hunters have the opportunity to grab KMX even cheaper than Bensen did, with shares trading as low as $59.00 in trading on Tuesday -- that's 5.0% below Bensen's purchase price.

For MarketNewsVideo.com, I'm Sayoko Murase.

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Tuesday 4/10 Insider Buying Report: ICPT, KMX  NOW PLAYING
Tuesday 4/10 Insider Buying Report: ICPT, KMX
Tuesday, April 10, 10:45 AM ET
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Tuesday 4/10 Insider Buying Report: ICPT, KMX | Market News Video | Copyright © 2008 - 2024, All Rights Reserved

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