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.
At ADial Pharmaceuticals, a filing with the SEC revealed that on Thursday, Director James W. Newman Jr. bought 25,000 shares of ADIL, at a cost of $2.69 each, for a total investment of $67,300. ADial Pharmaceuticals is trading up about 5% on the day Monday. Before this latest buy, Newman Jr. made one other purchase in the past twelve months, buying $28,500 shares at a cost of $2.85 each.
And also on Thursday, CEO Bryan Lewis purchased $24,983 worth of Intellicheck, purchasing 5,000 shares at a cost of $5.00 each. Before this latest buy, Lewis made one other purchase in the past twelve months, buying $4,910 shares at a cost of $4.91 a piece. Intellicheck is trading up about 16.5% on the day Monday.
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%.