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 cash to make a purchase, is that they expect to make money. Today we look at one noteworthy recent insider buy.
And also on Monday, Jeffrey Stein bought $1.65M worth of IDEAYA Biosciences, buying 50,000 shares at a cost of $32.96 a piece. This buy marks the first one filed by Stein in the past year. IDEAYA Biosciences is trading up about 4.8% on the day Tuesday. Stein was up about 8.3% on the purchase at the high point of today's trading session, with IDYA trading as high as $35.68 at last check today.
VIDEO: Tuesday 3/3 Insider Buying Report: IDYA
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