When insiders buy shares, it signifies their confidence within the firm’s prospects or that they view the inventory as a discount. Both manner, this alerts a possibility to go lengthy on the inventory. Insider purchases shouldn’t be taken as the one indicator for investing or buying and selling choice. At greatest, it might lend conviction to a shopping for choice.
Beneath is a have a look at a number of current notable insider purchases. For extra, try Benzinga’s insider transactions platform.
Satsuma Prescription drugs
The Commerce: Satsuma Prescription drugs, Inc. (NASDAQ: STSA) 10% proprietor Commodore Capital Lp acquired a complete of 128243 shares at a median worth of $5.19. The insider spent 665,237.32 to purchase these shares.
What’s Taking place: Satsuma Prescription drugs not too long ago named Mutya Harsch to its Board of Administrators.
What Satsuma Prescription drugs Does: Satsuma Prescription drugs Inc is a clinical-stage biopharmaceutical firm engaged
