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 Kaleido Biosciences (NASDAQ:KLDO), a filing with the SEC revealed that on Monday, Executive Chair Michael W. Bonney purchased 71,520 shares of KLDO, at a cost of $13.97 each, for a total investment of $999,492. So far Bonney is in the green, up about 8.0% on their buy based on today's trading high of $15.09. Kaleido Biosciences is trading down about 2.3% on the day Tuesday. This purchase marks the first one filed by Bonney in the past year.
And at Ryman Hospitality Properties (NYSE:RHP), there was insider buying on Monday, by CEO Colin V. Reed who purchased 6,106 shares at a cost of $82.46 each, for a trade totaling $503,508. Before this latest buy, Reed bought RHP at 2 other times during the past twelve months, for a total cost of $1.48M at an average of $76.95 per share. Ryman Hospitality Properties is trading flat on the day Tuesday. So far Reed is in the green, up about 1.0% on their purchase based on today's trading high of $83.28.
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.