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 Monday, Forty Seven (NASDAQ:FTSV)'s, Hill Ventures Sutter, made a $2.16M buy of FTSV, purchasing 134,735 shares at a cost of $16.00 each. Investors can buy FTSV at a price even lower than Sutter did, with shares trading as low as $15.79 at last check today — that's 1.3% under Sutter's purchase price. Forty Seven is trading up about 1.2% on the day Thursday. This buy marks the first one filed by Sutter in the past year.
And on Tuesday, Chief Financial Officer Bruce C. Felt Jr. bought $73,500 worth of Domo – Class B (NASDAQ:DOMO), buying 3,500 shares at a cost of $21.00 a piece. Domo – Class B is trading down about 0.1% on the day Thursday. Felt Jr. was up about 13.8% on the purchase at the high point of today's trading session, with DOMO trading as high as $23.89 in trading on Thursday.
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.