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Thursday 11/15 Insider Buying Report: VSM, INOV
Thursday, November 15, 10:50 AM ET

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, Versum Materials' Director, Seifi Ghasemi, made a $668,200 buy of VSM, purchasing 20,000 shares at a cost of $33.41 a piece. Versum Materials is trading off about 0.5% on the day Thursday. This purchase marks the first one filed by Ghasemi in the past twelve months.

And at Inovalon Holdings, there was insider buying on Tuesday, by Chief Operating Officer Jason Capitel who purchased 20,000 shares at a cost of $11.05 each, for a total investment of $221,100. This buy marks the first one filed by Capitel in the past twelve months. Inovalon Holdings Inc is trading off about 0.2% on the day Thursday. So far Capitel is in the green, up about 2.2% on their purchase based on today's trading high of $11.30.

For MarketNewsVideo.com, I'm Sayoko Murase.

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