Skip to main content
Global Edition
Thursday, March 28, 2024

Thursday 8/13 Insider Buying Report: BHVN, PMBC

Duration: 00:52s 0 shares 1 views

Thursday 8/13 Insider Buying Report: BHVN, PMBC
Thursday 8/13 Insider Buying Report: BHVN, PMBC

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.

So let's look at two noteworthy recent insider buys.

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.

So let's look at two noteworthy recent insider buys.

On Tuesday, Biohaven Pharmaceutical Holding's , John W.

Childs, made a $1.54M purchase of BHVN, buying 25,000 shares at a cost of $61.54 each.

Biohaven Pharmaceutical Holding is trading up about 3.9% on the day Thursday.

And at Pacific Mercantile Bancorp, there was insider buying on Tuesday, by James F.

Deutsch who purchased 292,500 shares at a cost of $3.50 each, for a total investment of $1.02M.

Before this latest buy, Deutsch purchased PMBC on 2 other occasions during the past year, for a total investment of $232,102 at an average of $4.33 per share.

Pacific Mercantile Bancorp is trading up about 5.6% on the day Thursday.

Deutsch was up about 14.6% on the buy at the high point of today's trading session, with PMBC trading as high as $4.01 in trading on Thursday.

You might like