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.
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 9.5%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 9.5%.