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, Yum China Holdings' Chief Executive Officer, Joey Wat, made a $999,547 buy of YUMC, purchasing 24,400 shares at a cost of $40.97 a piece. Yum China Holdings Inc is trading up about 0.8% on the day Friday.
And at Nektar Therapeutics, there was insider buying on Wednesday, by Director Roy A. Whitfield who bought 5,000 shares for a cost of $58.04 each, for a trade totaling $290,212. Before this latest buy, Whitfield made one other buy in the past twelve months, purchasing $628,250 shares at a cost of $17.95 each. Nektar Therapeutics is trading up about 2% on the day Friday. Bargain hunters have the opportunity to bag NKTR at a price even lower than Whitfield did, with the stock trading as low as $53.60 at last check today which is 7.7% under Whitfield's purchase price.
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