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.
Monday 9/20 Insider Buying Report: OSCR, SLGC
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.
At Oscar Health, a filing with the SEC revealed that on Thursday, Chief Executive Officer Mario Schlosser bought 57,300 shares of OSCR, at a cost of $17.53 each, for a total investment of $1.00M.
Investors have the opportunity to buy OSCR at a price even lower than Schlosser did, with the stock changing hands as low as $16.77 at last check today -- that's 4.3% under Schlosser's purchase price.
Oscar Health is trading off about 0.5% on the day Monday.
And on Wednesday, Director Anne H.
Margulies bought $229,200 worth of SomaLogic, buying 20,000 shares at a cost of $11.46 a piece.
SomaLogic Inc is trading down about 2% on the day Monday.