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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Liquidia Technologies ( LQDA ), a filing with the SEC revealed that on Monday, Director Stephen M. Bloch bought 727,273 shares of LQDA, at a cost of $11.00 each, for a total investment of $8.00M. Bloch was up about 0.9% on the purchase at the high point of today's trading session, with LQDA trading as high as $11.10 at last check today. Liquidia Technologies is trading up about 0.9% on the day Thursday.
And also on Monday, Vice Chairman & EVP William L. Williams III purchased $989,450 worth of Live Oak Bancshares ( LOB ), purchasing 35,000 shares at a cost of $28.27 each. Live Oak Bancshares is trading up about 0.7% on the day Thursday. Williams III was up about 3.6% on the buy at the high point of today's trading session, with LOB trading as high as $29.30 in trading on Thursday.
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