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Friday 12/23 Insider Buying Report: REG, SCYX

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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.

At Regency Centers Corp ( REG ), a filing with the SEC revealed that on Thursday, Director Bryce Blair bought 1,486 shares of REG, for a cost of $66.92 each, for a total investment of $99,443. So far Blair is in the green, up about 1.2% on their buy based on today's trading high of $67.72. Regency Centers Corp is trading off about 0.1% on the day Friday. Before this latest buy, Blair made one other purchase in the past year, buying $99,817 shares for a cost of $79.79 each.

And on Wednesday, Chief Executive Officer Marco Taglietti bought $82,500 worth of SCYNEXIS ( SCYX ), buying 25,000 shares at a cost of $3.30 a piece. Before this latest buy, Taglietti bought SCYX at 6 other times during the past year, for a total cost of $319,080 at an average of $2.55 per share. SCYNEXIS is trading off about 0.3% on the day Friday. So far Taglietti is in the green, up about 4.5% on their purchase based on today's trading high of $3.45.

VIDEO: Friday 12/23 Insider Buying Report: REG, SCYX

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


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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