Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Dova Pharmaceuticals (NASDAQ:DOVA), a filing with the SEC revealed that on Tuesday, Director Steven M. Goldman purchased 15,000 shares of DOVA, at a cost of $26.41 each, for a total investment of $396,150. Goldman was up about 10.2% on the buy at the high point of today's trading session, with DOVA trading as high as $29.10 in trading on Wednesday. Dova Pharmaceuticals is trading up about 7.7% on the day Wednesday. Before this latest buy, Goldman bought DOVA at 2 other times during the past year, for a total investment of $1.39M at an average of $18.05 per share.
And at Dollar General Corp (NYSE:DG), there was insider buying on Friday, by Director Timothy I. McGuire who purchased 2,275 shares at a cost of $88.06 each, for a trade totaling $200,334. Dollar General Corp is trading off about 0.7% on the day Wednesday. So far McGuire is in the green, up about 8.1% on their buy based on today's trading high of $95.16.
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.