Friday 1/17 Insider Buying Report: VYNE
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at one noteworthy recent insider buy.
On Wednesday, VYNE Therapeutics', Patrick G. Lepore, made a $43,800 buy of VYNE, purchasing 15,000 shares at a cost of $2.92 each. Bargain hunters can bag VYNE at a price even lower than Lepore did, with the stock trading as low as $2.77 at last check today which is 5.3% under Lepore's purchase price. VYNE Therapeutics is trading up about 10.5% on the day Friday. This buy marks the first one filed by Lepore in the past twelve months.
VIDEO: Friday 1/17 Insider Buying Report: VYNE