Markets
RHP

Tuesday 3/5 Insider Buying Report: KLDO, RHP

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.

At Kaleido Biosciences ( KLDO ), a filing with the SEC revealed that on Monday, Executive Chair Michael W. Bonney purchased 71,520 shares of KLDO, at a cost of $13.97 each, for a total investment of $999,492. So far Bonney is in the green, up about 8.0% on their buy based on today's trading high of $15.09. Kaleido Biosciences is trading down about 2.3% on the day Tuesday. This purchase marks the first one filed by Bonney in the past year.

And at Ryman Hospitality Properties ( RHP ), there was insider buying on Monday, by CEO Colin V. Reed who purchased 6,106 shares at a cost of $82.46 each, for a trade totaling $503,508. Before this latest buy, Reed bought RHP at 2 other times during the past twelve months, for a total cost of $1.48M at an average of $76.95 per share. Ryman Hospitality Properties is trading flat on the day Tuesday. So far Reed is in the green, up about 1.0% on their purchase based on today's trading high of $83.28.

VIDEO: Tuesday 3/5 Insider Buying Report: KLDO, RHP

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.

In This Story

RHP

Other Topics

Investing

Latest Markets Videos