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 Friday, Aptinyx ( APTX )'s CBO, Ashish Khanna, made a $54,500 buy of APTX, purchasing 10,000 shares at a cost of $5.45 each. Aptinyx is trading up about 1.1% on the day Tuesday. Before this latest buy, Khanna made one other purchase in the past twelve months, buying $124,800 shares at a cost of $16.00 each.
And at FS KKR Capital Corp ( FSK ), there was insider buying on Thursday, by Director Richard I. Goldstein who bought 5,000 shares for a cost of $5.85 each, for a total investment of $29,250. FS KKR Capital Corp is trading up about 2.2% on the day Tuesday. So far Goldstein is in the green, up about 3.2% on their buy based on today's trading high of $6.04.
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.
