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, Dynavax Technologies's Director, Andrew A. F. Hack, made a $5M buy of DVAX, purchasing 1,000,000 shares at a cost of $5.00 a piece. Hack was up about 8.0% on the buy at the high point of today's trading session, with DVAX trading as high as $5.40 in trading on Friday. Dynavax Technologies is trading up about 6.6% on the day Friday.
And at Oportun Financial, there was insider buying on Thursday, by Chief Executive Officer Raul Vazquez who purchased 51,313 shares for a cost of $9.74 each, for a trade totaling $499,966. Oportun Financial Corporation is trading up about 4.8% on the day Friday. So far Vazquez is in the green, up about 7.8% on their purchase based on today's trading high of $10.50.
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.