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.
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.