Markets

Tuesday 8/25 Insider Buying Report: HRMY, CBFV

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 two noteworthy recent insider buys.

At Harmony Biosciences Holdings, a filing with the SEC revealed that on Monday, Director Jack Nielsen bought 37,957 shares of HRMY, at a cost of $27.58 each, for a total investment of $1.05M. So far Nielsen is in the green, up about 23.3% on their purchase based on today's trading high of $34.00. Harmony Biosciences Holdings is trading off about 0.4% on the day Tuesday.

And on Friday, Director John J. Lacarte bought $428,874 worth of CB Financial Services, buying 23,500 shares at a cost of $18.25 each. Before this latest buy, Lacarte bought CBFV on 7 other occasions during the past twelve months, for a total investment of $107,532 at an average of $24.37 per share. CB Financial Services is trading up about 2.2% on the day Tuesday. So far Lacarte is in the green, up about 3.3% on their buy based on today's trading high of $18.85.

VIDEO: Tuesday 8/25 Insider Buying Report: HRMY, CBFV

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

HRMY CBFV

Other Topics

Stocks

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