IRD

Tuesday 12/31 Insider Buying Report: IRD, LAKE

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.

On Thursday, Opus Genetics's Chief Executive Officer, George Magrath, made a $97,600 buy of IRD, purchasing 100,000 shares at a cost of $0.98 a piece. So far Magrath is in the green, up about 26.0% on their purchase based on today's trading high of $1.23. Opus Genetics Inc is trading up about 4.4% on the day Tuesday. This purchase marks the first one filed by Magrath in the past year.

And at Lakeland Industries, there was insider buying on Monday, by President, CEO & Exec. Chair James M. Jenkins who purchased 990 shares for a cost of $25.35 each, for a total investment of $25,096. Before this latest buy, Jenkins made one other purchase in the past twelve months, buying $49,998 shares for a cost of $23.98 each. Lakeland Industries is trading down about 2.3% on the day Tuesday.

Tuesday 12/31 Insider Buying Report: IRD, LAKEVIDEO: Tuesday 12/31 Insider Buying Report: IRD, LAKE

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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