Markets

Thursday 3/14 Insider Buying Report: CVRS, PBF

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 Corindus Vascular Robotics ( CVRS ), a filing with the SEC revealed that on Tuesday, Director Louis A. Cannon bought 573,798 shares of CVRS, for a cost of $1.38 each, for a total investment of $791,612. Cannon was up about 19.6% on the buy at the high point of today's trading session, with CVRS trading as high as $1.65 in trading on Thursday. Corindus Vascular Robotics is trading up about 4.5% on the day Thursday. Before this latest buy, Cannon purchased CVRS at 5 other times during the past twelve months, for a total cost of $108,058 at an average of $0.95 per share.

And at PBF Energy ( PBF ), there was insider buying on Monday, by Chief Executive Officer Thomas J. Nimbley who bought 25,000 shares for a cost of $30.03 each, for a total investment of $750,750. PBF Energy is trading up about 1.7% on the day Thursday. So far Nimbley is in the green, up about 5.6% on their purchase based on today's trading high of $31.70.

VIDEO: Thursday 3/14 Insider Buying Report: CVRS, PBF

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.

In This Story

CVRS PBF

Other Topics

Investing