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 Celsion Corp (NASDAQ:CLSN), a filing with the SEC revealed that on Wednesday, Director Robert W. Hooper purchased 10,000 shares of CLSN, for a cost of $2.70 each, for a total investment of $27,000. Hooper was up about 4.9% on the buy at the high point of today's trading session, with CLSN trading as high as $2.83 at last check today. Celsion Corp is trading up about 1.4% on the day Thursday. This buy marks the first one filed by Hooper in the past year.
And at EQT Corp (NYSE:EQT), there was insider buying on Monday, by Director A. Bray Cary Jr. who purchased 593 shares for a cost of $44.23 each, for a trade totaling $26,228. Before this latest buy, Cary Jr. purchased EQT on 3 other occasions during the past year, for a total cost of $84,538 at an average of $53.10 per share. EQT Corp is trading up about 2.4% on the day Thursday.
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