Credit: Shutterstock photoBargain 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 Terreno Realty, a filing with the SEC revealed that on Friday, Director David M. Lee purchased 5,000 shares of TRNO, at a cost of $42.04 each, for a total investment of $210,200. Bargain hunters have the opportunity to bag TRNO at a price even lower than Lee did, with the stock trading as low as $40.50 at last check today - that's 3.7% below Lee's purchase price. Terreno Realty is trading up about 0.5% on the day Wednesday. This buy marks the first one filed by Lee in the past year.
And at Gossamer Bio, there was insider buying on Tuesday, by Director Russell J. Cox who bought 7,200 shares for a cost of $16.00 each, for a trade totaling $115,200. Gossamer Bio is trading down about 1.5% on the day Wednesday. So far Cox is in the green, up about 15.9% on their purchase based on today's trading high of $18.55.
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.
