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 Friday, Corsair Gaming's Director, Randall J.
Weisenburger, made a $999,991 buy of CRSR, purchasing 58,823 shares at a cost of $17.00 a piece.
Weisenburger was up about 100.4% on the purchase at the high point of today's trading session, with CRSR trading as high as $34.06 at last check today.
Corsair Gaming is trading down about 0.1% on the day Monday.
And on Wednesday, See Remarks Gary L.
Crocker purchased $13,166 worth of Merrimack Pharmaceuticals, purchasing 2,127 shares at a cost of $6.19 each.
Before this latest buy, Crocker made one other purchase in the past year, buying $33,956 shares for a cost of $6.79 a piece.
Merrimack Pharmaceuticals is trading down about 2.1% on the day Monday.
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider..