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 Akero Therapeutics (NASDAQ:AKRO), a filing with the SEC revealed that on Monday, Director Kevin Bitterman purchased 270,000 shares of AKRO, for a cost of $16.00 each, for a total investment of $4.32M. Bitterman was up about 15.9% on the buy at the high point of today's trading session, with AKRO trading as high as $18.55 at last check today. Akero Therapeutics is trading down about 0.4% on the day Wednesday.
And at vTv Therapeutics (NASDAQ:VTVT), there was insider buying on Tuesday, by Ronald O. Perelman who purchased 1,212,121 shares at a cost of $1.65 each, for a trade totaling $2M. Before this latest buy, Perelman bought VTVT on 11 other occasions during the past twelve months, for a total cost of $22.5M at an average of $1.66 per share. vTv Therapeutics is trading up about 2.6% on the day Wednesday. Bargain hunters have the opportunity to bag VTVT at a price even lower than Perelman did, with shares trading as low as $1.38 at last check today — that's 16.4% under Perelman'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 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%.
Free Email Alerts By Stock:
Launch related slideshow:
