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Tuesday 9/18 Insider Buying Report: BHC, IBTX

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 Bausch Health Companies ( BHC ), a filing with the SEC revealed that on Thursday, Director Richard U. De Schutter purchased 125,000 shares of BHC, for a cost of $23.96 each, for a total investment of $3M. Bargain hunters can pick up BHC even cheaper than De Schutter did, with the stock trading as low as $22.74 in trading on Tuesday which is 5.1% below De Schutter's purchase price. Bausch Health Companies is trading up about 4.7% on the day Tuesday.

And on Friday, Director G. Stacy Smith bought $1.65M worth of Independent Bank Group ( IBTX ), buying 25,000 shares at a cost of $65.90 each. Before this latest buy, Smith bought IBTX on 2 other occasions during the past twelve months, for a total cost of $2.54M at an average of $72.54 per share. Independent Bank Group is trading off about 0.3% on the day Tuesday.

VIDEO: Tuesday 9/18 Insider Buying Report: BHC, IBTX

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.

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