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