Markets

Wednesday 11/1 Insider Buying Report: CHTR, VBIV

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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 Monday, Charter Communications ( CHTR )'s Chief Financial Officer, Christopher L. Winfrey, made a $1.00M purchase of CHTR, buying 3,100 shares at a cost of $323.61 a piece. Winfrey was up about 5.3% on the buy at the high point of today's trading session, with CHTR trading as high as $340.74 at last check today. Charter Communications is trading up about 1.4% on the day Wednesday.

And also on Monday, Director Steven Gillis purchased $915,000 worth of VBI Vaccines ( VBIV ), purchasing 300,000 shares at a cost of $3.05 a piece. This purchase marks the first one filed by Gillis in the past twelve months. VBI Vaccines is trading up about 9.3% on the day Wednesday. Gillis was up about 25.7% on the purchase at the high point of today's trading session, with VBIV trading as high as $3.83 in trading on Wednesday.

VIDEO: Wednesday 11/1 Insider Buying Report: CHTR, VBIV

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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