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 Akero Therapeutics, a filing with the SEC revealed that on Friday, G. Walmsley Graham purchased 100,000 shares of AKRO, at a cost of $16.95 each, for a total investment of $1.69M. Graham was up about 10.6% on the purchase at the high point of today's trading session, with AKRO trading as high as $18.75 at last check today. Akero Therapeutics Inc is trading up about 3.3% on the day Tuesday. Before this latest buy, Graham purchased AKRO on 3 other occasions during the past year, for a total investment of $18.85M at an average of $31.42 per share.
And at Cricut, there was insider buying on Thursday, by Director Jason Makler who purchased 19,999 shares for a cost of $6.94 each, for a total investment of $138,849. This purchase marks the first one filed by Makler in the past year. Cricut Inc is trading off about 1.1% on the day Tuesday. So far Makler is in the green, up about 7.9% on their purchase based on today's trading high of $7.49.
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.
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%.