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, Dish Network Corp (NASDAQ:DISH)'s Executive Vice President, James Defranco, made a $494,850 purchase of DISH, buying 15,000 shares at a cost of $32.99 a piece. Defranco was up about 4.0% on the buy at the high point of today's trading session, with DISH trading as high as $34.31 in trading on Tuesday. Dish Network Corp is trading up about 1.7% on the day Tuesday. Before this latest buy, Defranco bought DISH on 11 other occasions during the past year, for a total investment of $2.58M at an average of $32.20 per share.
And also on Monday, Director Jinn Wu bought $168,375 worth of Athenex (NASDAQ:ATNX), buying 12,500 shares at a cost of $13.47 a piece. Before this latest buy, WU made one other purchase in the past year, buying $40,220 shares for a cost of $16.09 each. Athenex is trading up about 5.9% on the day Tuesday. Wu was up about 6.9% on the buy at the high point of today's trading session, with ATNX trading as high as $14.40 at last check today.
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.