AVTR

Tuesday 2/17 Insider Buying Report: AVTR, TSI

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 Thursday, Avantor (AVTR)'s Director, Gregory L. Summe, made a $940,000 purchase of AVTR, buying 100,000 shares at a cost of $9.40 a piece. Investors are able to snag AVTR at a price even lower than Summe did, with shares trading as low as $8.96 in trading on Tuesday -- that's 4.6% below Summe's purchase price. Avantor is trading down about 2.3% on the day Tuesday. Before this latest buy, Summe purchased AVTR at 6 other times during the past year, for a total investment of $3.62M at an average of $12.07 per share.

And at TCW Strategic Income Fund (TSI), there was insider buying on Thursday, by Peter McMillan who purchased 190,000 shares at a cost of $4.73 each, for a trade totaling $898,784. Before this latest buy, McMillan made one other purchase in the past year, buying $81,907 shares for a cost of $4.71 a piece. TCW Strategic Income Fund is trading off about 1.2% on the day Tuesday.

Tuesday 2/17 Insider Buying Report: AVTR, TSIVIDEO: Tuesday 2/17 Insider Buying Report: AVTR, TSI

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.