Friday 2/2 Insider Buying Report: VERA, RBB
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 Tuesday, Vera Therapeutics' Director, Maha Katabi, made a $5M buy of VERA, purchasing 161,290 shares at a cost of $31.00 a piece. Katabi was up about 27.8% on the buy at the high point of today's trading session, with VERA trading as high as $39.62 in trading on Friday. Vera Therapeutics is trading up about 0.9% on the day Friday.
And at RBB Bancorp, there was insider buying on Thursday, by Director James Kao who bought 32,000 shares for a cost of $17.56 each, for a trade totaling $562,020. This purchase marks the first one filed by Kao in the past year. RBB Bancorp is trading down about 1.2% on the day Friday.
