Wednesday 4/21 Insider Buying Report: RELL, SVRA

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 Richardson Electronics, a filing with the SEC revealed that on Monday, Director Robert H. Kluge purchased 10,000 shares of RELL, at a cost of $7.30 each, for a total investment of $73,000. So far Kluge is in the green, up about 9.6% on their buy based on today's trading high of $8.00. Richardson Electronics is trading up about 0.6% on the day Wednesday. This purchase marks the first one filed by Kluge in the past twelve months.

And also on Monday, CHIEF EXECUTIVE OFFICER Matthew Pauls bought $49,871 worth of Savara, buying 27,400 shares at a cost of $1.82 a piece. Before this latest buy, Pauls purchased SVRA on 2 other occasions during the past twelve months, for a total investment of $99,976 at an average of $1.89 per share. Savara is trading up about 4.9% on the day Wednesday.

VIDEO: Wednesday 4/21 Insider Buying Report: RELL, SVRA

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


Other Topics


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