Monday 4/30 Insider Buying Report: VERI, TREE

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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 Thursday, Veritone ( VERI )'s CEO, Chad Steelberg, made a $367,994 purchase of VERI, buying 20,000 shares at a cost of $18.40 each. Steelberg was up about 17.9% on the purchase at the high point of today's trading session, with VERI trading as high as $21.70 at last check today. Veritone is trading up about 9.9% on the day Monday. This purchase marks the first one filed by Steelberg in the past year.

And at LendingTree ( TREE ), there was insider buying on Friday, by Director G. Kennedy Thompson who bought 1,000 shares for a cost of $248.12 each, for a trade totaling $248,125. Before this latest buy, Thompson bought TREE on 4 other occasions during the past twelve months, for a total investment of $2.89M at an average of $262.96 per share. LendingTree is trading up about 1.3% on the day Monday.

Monday 4/30 Insider Buying Report: VERI, TREE VIDEO: Monday 4/30 Insider Buying Report: VERI, TREE

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing
Referenced Symbols: VERI , TREE

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