Thursday 9/10 Insider Buying Report: SEI, GRCE
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 Tuesday, Solaris Energy Infrastructure's Director, AJ Teague, made a $500,994 purchase of SEI, buying 7,800 shares at a cost of $64.23 each. Solaris Energy Infrastructure is trading off about 1.9% on the day Thursday. Before this latest buy, Teague made one other buy in the past twelve months, purchasing $199,214 shares for a cost of $43.12 each.
And on Wednesday, Chief Executive Officer Prashant Kohli purchased $214,000 worth of Grace Therapeutics, purchasing 100,000 shares at a cost of $2.14 each. This buy marks the first one filed by Kohli in the past year. Grace Therapeutics is trading up about 5.7% on the day Thursday. So far Kohli is in the green, up about 7.9% on their purchase based on today's trading high of $2.31.
VIDEO: Thursday 9/10 Insider Buying Report: SEI, GRCE 