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 Aileron Therapeutics, a filing with the SEC revealed that on Monday, Director Josef H. Von Rickenbach purchased 227,272 shares of ALRN, for a cost of $1.10 each, for a total investment of $249,999. So far Von Rickenbach is in the green, up about 25.5% on their buy based on today's trading high of $1.38. Aileron Therapeutics is trading up about 11.9% on the day Wednesday. Before this latest buy, Von Rickenbach purchased ALRN on 4 other occasions during the past twelve months, for a total investment of $150,254 at an average of $0.89 per share.
And at Babcock & Wilcox Enterprises, there was insider buying on Friday, by Director Bryant R. Riley who purchased 42,000 shares for a cost of $2.65 each, for a total investment of $111,472. Before this latest buy, Riley purchased BW at 2 other times during the past twelve months, for a total investment of $200,062 at an average of $3.67 per share. Babcock & Wilcox Enterprises is trading off about 4.7% on the day Wednesday.
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%.