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 Medicines (MDCO), a filing with the SEC revealed that on Wednesday, Director Alexander J. Denner purchased 431,000 shares of MDCO, at a cost of $33.89 each, for a total investment of $14.61M. Investors can grab MDCO even cheaper than Denner did, with the stock changing hands as low as $32.84 in trading on Thursday which is 3.1% below Denner's purchase price. Medicines is trading off about 0.9% on the day Thursday. Before this latest buy, Denner purchased MDCO at 5 other times during the past twelve months, for a total investment of $39.02M at an average of $22.77 per share.
And also on Wednesday, Co-CEO and President Jeffrey J. Zimmer purchased $1.43M worth of ARMOUR Residential REIT (NYSE:ARR), purchasing 80,000 shares at a cost of $17.93 each. Before this latest buy, Zimmer made one other purchase in the past twelve months, buying $96,600 shares for a cost of $19.32 a piece. ARMOUR Residential REIT is trading off about 0.2% on the day Thursday.
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.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.