RAPP

Friday 7/5 Insider Buying Report: RAPP, EYEN

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 Monday, Rapport Therapeutics' Director, James Healy, made a $1.08M buy of RAPP, purchasing 44,032 shares at a cost of $24.52 each. Investors can bag RAPP even cheaper than Healy did, with the stock trading as low as $22.94 in trading on Friday -- that's 6.4% under Healy's purchase price. Rapport Therapeutics is trading up about 1.5% on the day Friday. This buy marks the first one filed by Healy in the past twelve months.

And on Tuesday, Stuart M. Grant bought $1M worth of Eyenovia, buying 1,515,151 shares at a cost of $0.66 a piece. Before this latest buy, Grant bought EYEN on 4 other occasions during the past year, for a total investment of $318,326 at an average of $1.35 per share. Eyenovia is trading up about 10.4% on the day Friday. So far Grant is in the green, up about 28.5% on their buy based on today's trading high of $0.85.

Friday 7/5 Insider Buying Report: RAPP, EYENVIDEO: Friday 7/5 Insider Buying Report: RAPP, EYEN

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

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.