Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Wednesday, Realogy Holdings Corp (RLGY)'s CEO and President, Ryan M. Schneider, made a $999,734 buy of RLGY, purchasing 119,300 shares at a cost of $8.38 a piece. So far Schneider is in the green, up about 3.8% on their purchase based on today's trading high of $8.70. Realogy Holdings Corp is trading up about 3.7% on the day Thursday.
And at Aptinyx (APTX), there was insider buying on Wednesday, by Director Henry O. Gosebruch who bought 100,000 shares for a cost of $3.86 each, for a total investment of $385,624. This purchase marks the first one filed by Gosebruch in the past twelve months. Aptinyx is trading up about 1.3% on the day Thursday.
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