Friday 1/24 Insider Buying Report: ETNB, LOOP

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 two noteworthy recent insider buys.

On Wednesday, 89bio's , Charles McWherter, made a $99,850 purchase of ETNB, buying 15,000 shares at a cost of $6.66 a piece. So far McWherter is in the green, up about 7.1% on their buy based on today's trading high of $7.13. 89bio is trading up about 0.5% on the day Friday. Before this latest buy, McWherter made one other purchase in the past twelve months, buying $80,000 shares for a cost of $8.00 a piece.

And also on Wednesday, Laurence G. Sellyn purchased $54,506 worth of Loop Industries, purchasing 50,000 shares at a cost of $1.09 a piece. Loop Industries is trading up about 3.5% on the day Friday. So far Sellyn is in the green, up about 10.6% on their purchase based on today's trading high of $1.21.

Friday 1/24 Insider Buying Report: ETNB, LOOPVIDEO: Friday 1/24 Insider Buying Report: ETNB, LOOP

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

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