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 ADMA Biologics (NASDAQ:ADMA), a filing with the SEC revealed that on Friday, Director Jerrold B. Grossman bought 52,302 shares of ADMA, at a cost of $4.78 each, for a total investment of $250,004. ADMA Biologics is trading up about 3.7% on the day Tuesday.
And at ProPetro Holding Corp (NYSE:PUMP), there was insider buying on Thursday, by Director Pryor Blackwell who purchased 13,404 shares for a cost of $15.36 each, for a total investment of $205,885. ProPetro Holding Corp is trading down about 0.2% on the day Tuesday. Bargain hunters are able to pick up PUMP at a price even lower than Blackwell did, with shares trading as low as $14.08 at last check today which is 8.3% below Blackwell's purchase price.
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