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 vTv Therapeutics, a filing with the SEC revealed that on Thursday, Ronald O. Perelman bought 1,879,700 shares of VTVT, at a cost of $1.33 each, for a total investment of $2.50M. So far Perelman is in the green, up about 48.0% on their purchase based on today's trading high of $1.97. vTv Therapeutics is trading up about 10.7% on the day Monday. Before this latest buy, Perelman purchased VTVT on 5 other occasions during the past twelve months, for a total investment of $10.20M at an average of $1.63 per share.
And on Friday, Director Shon A. Boney purchased $2.02M worth of Sprouts Farmers Market, purchasing 88,500 shares at a cost of $22.83 a piece. Sprouts Farmers Market is trading up about 8.3% on the day Monday. Boney was up about 11.2% on the purchase at the high point of today's trading session, with SFM trading as high as $25.39 in trading on Monday.
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