BHVN

Tuesday 12/31 Insider Buying Report: BHVN, NKE

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

On Monday, Biohaven's Director, John W. Childs, made a $1.04M buy of BHVN, purchasing 29,000 shares at a cost of $35.94 a piece. Childs was up about 7.0% on the buy at the high point of today's trading session, with BHVN trading as high as $38.45 at last check today. Biohaven is trading up about 4.6% on the day Tuesday. Before this latest buy, Childs purchased BHVN at 5 other times during the past year, for a total cost of $12.01M at an average of $39.90 per share.

And at Nike, there was insider buying on Friday, by Director John W. Rogers Jr. who purchased 2,500 shares at a cost of $76.65 each, for a total investment of $191,624. Nike is trading up about 1.5% on the day Tuesday. Investors can snag NKE at a price even lower than Rogers Jr. did, with shares changing hands as low as $74.78 at last check today which is 2.4% below Rogers Jr.'s purchase price.

Tuesday 12/31 Insider Buying Report: BHVN, NKEVIDEO: Tuesday 12/31 Insider Buying Report: BHVN, NKE

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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