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Wednesday 9/6 Insider Buying Report: EIGR, HIBB

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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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

On Friday, Eiger BioPharmaceuticals ( EIGR )'s Director, Jeffrey S. Glenn, made a $142,950 purchase of EIGR, buying 15,000 shares at a cost of $9.53 each. So far Glenn is in the green, up about 3.6% on their buy based on today's trading high of $9.87. Eiger BioPharmaceuticals is trading up about 1.6% on the day Wednesday. Before this latest buy, Glenn made one other purchase in the past year, buying $196,884 shares for a cost of $12.74 each.

And also on Friday, Director Ralph T. Parks purchased $125,900 worth of Hibbett Sports ( HIBB ), purchasing 10,000 shares at a cost of $12.59 a piece. Hibbett Sports is trading trading flat on the day Wednesday. Parks was up about 1.5% on the purchase at the high point of today's trading session, with HIBB trading as high as $12.78 at last check today.

VIDEO: Wednesday 9/6 Insider Buying Report: EIGR, HIBB

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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