Thursday 9/26 Insider Buying Report: PRVB, FTEK

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 Provention Bio (PRVB), a filing with the SEC revealed that on Wednesday, Director Anthony Digiandomenico purchased 5,000 shares of PRVB, at a cost of $8.39 each, for a total investment of $41,950. Digiandomenico was up about 3.6% on the buy at the high point of today's trading session, with PRVB trading as high as $8.69 in trading on Thursday. Provention Bio is trading up about 3.4% on the day Thursday. Before this latest buy, Digiandomenico bought PRVB on 15 other occasions during the past year, for a total investment of $917,194 at an average of $5.78 per share.

And at Fuel Tech (FTEK), there was insider buying on Wednesday, by Senior Vice President, Sales William E. Cummings Jr. who bought 21,511 shares at a cost of $0.96 each, for a total investment of $20,616. Fuel Tech Inc is trading up about 8.2% on the day Thursday.

VIDEO: Thursday 9/26 Insider Buying Report: PRVB, FTEK

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


Other Topics


Latest Markets Videos

    BNK Invest

    BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

    Learn More