OPK

Monday 11/11 Insider Buying Report: OPK, CNC

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.

At OPKO Health, a filing with the SEC revealed that on Friday, CEO & Chairman Phillip Frost, M.D et. al. bought 280,183 shares of OPK, at a cost of $1.50 each, for a total investment of $421,535. OPKO Health is trading up about 1.6% on the day Monday. Before this latest buy, Frost purchased OPK on 11 other occasions during the past year, for a total cost of $8.07M at an average of $0.95 per share.

And also on Friday, Chief Executive Officer Sarah London purchased $250,314 worth of Centene, purchasing 4,117 shares at a cost of $60.80 a piece. Centene is trading up about 2.5% on the day Monday. London was up about 2.4% on the buy at the high point of today's trading session, with CNC trading as high as $62.24 in trading on Monday.

Monday 11/11 Insider Buying Report: OPK, CNCVIDEO: Monday 11/11 Insider Buying Report: OPK, CNC

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.