Bargain hunters are advised to pay attention to insider buying trends, as they often indicate confidence in a company’s future performance. Recently, on Thursday, Elanco Animal Health’s Lawrence Erik Kurzius purchased 40,000 shares of ELAN for a total of $935,920, at $23.40 per share. The stock saw a high of $24.54 during Monday’s trading session, reflecting a gain of approximately 4.9% for Kurzius.
Additionally, on Wednesday, BorgWarner Director Rajesh Kalathur bought 7,407 shares for $500,664, at a price of $67.59 each. This marks Kalathur’s first insider purchase in the past year, while BorgWarner’s stock was down about 4.5% on the day of the announcement.
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