A well-known adage reminds us that corporate insiders and 10% owners really only buy shares of a company because they believe the stock price will rise and they want to profit from it. Thus, insider buying can be an encouraging signal for potential investors.
The most notable insider purchases of the past week or so came from return buyers. Warren Buffett acquired more of his oil stock, and huge buying continues in an entertainment giant. And insiders took advantage of a sell-off in a struggling cosmetics company’s shares as well.
Furthermore, another biotech has come public, tempting both directors and beneficial owners to scoop up some shares. Let’s take a quick look at these transactions.
https://247wallst.com/This post originally appeared at 24/7 Wall St.