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Wednesday 6/6 Insider Buying Report: DOVA, DG
Wednesday, June 6, 10:31 AM ET

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.

For MarketNewsVideo.com, I'm Sayoko Murase.

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