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.
On Monday, Quanterix's Director, David R. Walt, made a $3M buy of QTRX, purchasing 200,000 shares at a cost of $15.00 a piece. Walt was up about 25.0% on the purchase at the high point of today's trading session, with QTRX trading as high as $18.75 in trading on Thursday. Quanterix is trading down about 1% on the day Thursday.
And also on Monday, Chief Executive Officer Michael S. Dell bought $469,245 worth of Dell Technologies, buying 14,350 shares at a cost of $32.70 each. Before this latest buy, Dell purchased DVMT at 7 other times during the past twelve months, for a total investment of $13.33M at an average of $28.54 per share. Dell Technologies is trading up about 0.8% on the day Thursday. So far Dell is in the green, up about 148.2% on their purchase based on today's trading high of $81.16.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.