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Friday 10/15 Insider Buying Report: LTH, CGTX
Friday, October 15, 10:41 AM ET

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 Life Time Group Holdings, a filing with the SEC revealed that on Tuesday, Director Stuart G. Lasher purchased 138,888 shares of LTH, at a cost of $18.00 each, for a total investment of $2.5M. Investors have the opportunity to bag LTH even cheaper than Lasher did, with the stock changing hands as low as $17.16 at last check today -- that's 4.7% under Lasher's purchase price. Life Time Group Holdings is trading down about 0.2% on the day Friday.

And at Cognition Therapeutics, there was insider buying on Wednesday, by CEO & President Lisa Ricciardi who bought 12,500 shares for a cost of $12.00 each, for a total investment of $150,000. Cognition Therapeutics is trading up about 1.6% on the day Friday. So far Ricciardi is in the green, up about 4.1% on their buy based on today's trading high of $12.49.

For MarketNewsVideo.com, I'm Sayoko Murase.

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