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.
At Annaly Capital Management (NYSE:NLY), a filing with the SEC revealed that on Monday, Chairman, CEO & President Kevin Keyes bought 300,000 shares of NLY, at a cost of $9.62 each, for a total investment of $2.89M. Annaly Capital Management is trading up about 0.7% on the day Tuesday.
And on Thursday, Director Erez Chimovits bought $2.00M worth of Novus Therapeutics (NVUS), buying 646,204 shares at a cost of $3.10 a piece. Novus Therapeutics is trading up about 1.6% on the day Tuesday. Investors can buy NVUS even cheaper than Chimovits did, with the stock changing hands as low as $2.60 at last check today which is 16.1% under Chimovits's purchase price.
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 9.5%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 9.5%.