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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Thursday, Exelixis's Director, David Edward Johnson, made a $8.73M buy of EXEL, purchasing 425,000 shares at a cost of $20.55 each. Johnson was up about 5.1% on the purchase at the high point of today's trading session, with EXEL trading as high as $21.59 at last check today. Exelixis is trading up about 3.3% on the day Friday. Before this latest buy, Johnson bought EXEL on 2 other occasions during the past year, for a total investment of $6.53M at an average of $21.05 per share.
And also on Thursday, John W. Childs bought $996,240 worth of Biohaven, buying 28,000 shares at a cost of $35.58 each. Before this latest buy, Childs bought BHVN on 5 other occasions during the past twelve months, for a total cost of $21.90M at an average of $26.45 per share. Biohaven is trading up about 4% on the day Friday.
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 8.2%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.2%.
ValueForum has been a life changer for me. 
Free Email Alerts By Stock:
Launch related slideshow:
Tuesday 5/19 Insider Buying Report: BKKT, DINO
Monday 5/18 Insider Buying Report: PSN, KINS
Monday 5/18 Insider Buying Report: ADC, ZTS
Nasdaq 100 Movers: FER, WDAY
S&P 500 Movers: HCA, NOW
Dow Analyst Moves: AMGN
S&P 500 Analyst Moves: WDAY
Dow Analyst Moves: IBM
Tuesday Sector Laggards: Precious Metals, Metals & Mining Stocks
Tuesday Sector Leaders: Grocery & Drug Stores, Cigarettes & Tobacco Stocks
Monday Sector Laggards: Semiconductors, Electronic Equipment & Products
Tuesday's ETF Movers: AKRE, SLVR
TSLL, WTIB: Big ETF Outflows
SCHG, SLVX: Big ETF Inflows
Daily Dividend Report: HNI,VSH,HRL,MSI,RCKY
Daily Dividend Report: RYN,WLK,AEE,XYL,EXR
Daily Dividend Report: KMB,MLM,LEA,UNP,O