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 Monday, Arcus Biosciences' Chief Executive Officer, Terry J.
Rosen, made a $999,314 buy of RCUS, purchasing 43,705 shares at a cost of $22.86 each.
Rosen was up about 9.0% on the buy at the high point of today's trading session, with RCUS trading as high as $24.93 at last check today.
Arcus Biosciences is trading down about 1.2% on the day Thursday.
This purchase marks the first one filed by Rosen in the past twelve months.
And also on Monday, Director Nancy Tellem bought $630,000 worth of Rocket Companies, buying 35,000 shares at a cost of $18.00 each.
Rocket Companies is trading down about 4.8% on the day Thursday.
Tellem was up about 8.9% on the buy at the high point of today's trading session, with RKT trading as high as $19.60 in trading on Thursday.
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider..
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider..
