Markets

Friday 4/20 Insider Buying Report: VRML, HYB

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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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

On Tuesday, Vermillion ( VRML )'s , Henri George Schuler, made a $2.11M buy of VRML, purchasing 2,107,774 shares at a cost of $1.00 a piece. Schuler was up about 16.8% on the buy at the high point of today's trading session, with VRML trading as high as $1.17 at last check today. Vermillion is trading off about 0.4% on the day Friday. This buy marks the first one filed by Schuler in the past year.

And on Wednesday, Director Oleg M. Pohotsky purchased $87,000 worth of New America High Income Fund ( HYB ), purchasing 10,000 shares at a cost of $8.70 each. This buy marks the first one filed by Pohotsky in the past year. New America High Income Fund is trading down about 0.3% on the day Friday. Thus far Pohotsky is down about 0.8% on the buy, with the stock trading as low as $8.63 in trading on Friday.

VIDEO: Friday 4/20 Insider Buying Report: VRML, HYB

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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