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.
On Wednesday, Grail's, Chun R. Ding, made a $1.02M purchase of GRAL, buying 78,829 shares at a cost of $13.00 a piece. So far Ding is in the green, up about 4.6% on their purchase based on today's trading high of $13.60. Grail is trading up about 4% on the day Friday. This buy marks the first one filed by Ding in the past year.
And on Tuesday, Robert Mashal bought $220,000 worth of Nuvation Bio, buying 100,000 shares at a cost of $2.20 a piece. This buy marks the first one filed by Mashal in the past twelve months. Nuvation Bio is trading up about 10.7% on the day Friday.
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