Peter Lynch once said, “there are a multitude of reasons insiders sell shares, but there is only one reason they buy, they think the stock is going up.” Here are the top 5 insider buys this week listed by size.
1- Celgene (CELG)= $5,582,000
2- Kapstone Paper (KPPC)= $4,022,000
3- Chesapeake Energy (CHK)= $3,605,000
4- Cardica (CRDC)= $2,530,000
5- General Growth Properties (GGP)= $1,925,000
2 replies on “Insider Buys For The Week”
I have a question on insider buy statistics – do these buy numbers include buys under employee option plans? If so, I would interpret that portion of the buys as a sign the buyers thought the stock was at or near it’s high. Buys at market price, on the other hand, I would interpret as bullish on the future stock price.
If the statistics include both, it’s hard to interpret anything from them. Is there a way to break the two into separate numbers?
jimcas
jim,
open market buys…