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.
On Tuesday, Ault Global Holdings' Executive Chairman, Milton C. Ault III, made a $45,622 purchase of DPW, buying 20,000 shares at a cost of $2.28 a piece. Ault III was up about 8.3% on the buy at the high point of today's trading session, with DPW trading as high as $2.47 in trading on Thursday. Ault Global Holdings is trading off about 1.5% on the day Thursday. Before this latest buy, Ault III purchased DPW on 3 other occasions during the past twelve months, for a total investment of $9,491 at an average of $3.80 per share.
And also on Tuesday, Chief Financial Officer Brian M. Silver purchased $15,000 worth of Tscan Therapeutics, purchasing 1,000 shares at a cost of $15.00 each. Tscan Therapeutics is trading down about 2.2% on the day Thursday. Bargain hunters have the opportunity to grab TCRX even cheaper than Silver did, with shares trading as low as $9.64 at last check today which is 35.7% below Silver's purchase price.
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