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 Terns Pharmaceuticals, a filing with the SEC revealed that on Tuesday, Hongbo Lu bought 2,624,239 shares of TERN, at a cost of $2.66 each, for a total investment of $6.98M. Lu was up about 93.6% on the purchase at the high point of today's trading session, with TERN trading as high as $5.15 in trading on Wednesday. Terns Pharmaceuticals is trading down about 3.8% on the day Wednesday.
And on Monday, Chief Supply Chain Officer Maurice Anthony Milikin bought $517,213 worth of Keurig Dr Pepper, buying 12,979 shares at a cost of $39.85 each. Before this latest buy, Milikin bought KDP on 6 other occasions during the past year, for a total investment of $2.85M at an average of $36.65 per share. Keurig Dr Pepper is trading up about 0.3% on the day Wednesday. So far Milikin is in the green, up about 1.3% on their buy based on today's trading high of $40.36.
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%.