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Monday 10/16 Insider Buying Report: MNKD, PZG

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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.

At MannKind Corp ( MNKD ), a filing with the SEC revealed that on Friday, Director Kent Kresa purchased 166,600 shares of MNKD, at a cost of $6.00 each, for a total investment of $999,600. Bargain hunters can bag MNKD even cheaper than Kresa did, with the stock changing hands as low as $5.40 in trading on Monday which is 10.0% below Kresa's purchase price. MannKind Corp is trading up about 7.6% on the day Monday.

And at Paramount Gold Nevada Corp ( PZG ), there was insider buying on Thursday, by Director Christopher J. Reynolds who purchased 10,000 shares at a cost of $1.40 each, for a trade totaling $14,000. Before this latest buy, Reynolds purchased PZG at 2 other times during the past year, for a total cost of $37,600 at an average of $1.88 per share. Paramount Gold Nevada Corp is trading up about 3.1% on the day Monday. Investors have the opportunity to buy PZG at a price even lower than Reynolds did, with the stock changing hands as low as $1.34 at last check today which is 4.3% below Reynolds's purchase price.

VIDEO: Monday 10/16 Insider Buying Report: MNKD, PZG

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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