Thursday 5/29 Insider Buying Report: DOC, COCH
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.
On Wednesday, Healthpeak Properties' Director, Tommy G. Thompson, made a $99,769 purchase of DOC, buying 5,777 shares at a cost of $17.27 each. Healthpeak Properties is trading down about 0.4% on the day Thursday. Before this latest buy, Thompson made one other buy in the past twelve months, purchasing $98,974 shares for a cost of $17.36 a piece.
And at Envoy Medical, there was insider buying on Tuesday, by Director Charles Brynelsen who purchased 50,000 shares at a cost of $1.65 each, for a trade totaling $82,403. This purchase marks the first one filed by Brynelsen in the past year. Envoy Medical is trading up about 0.9% on the day Thursday.
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