Insider Buying Trends: Key Moves from Assembly Biosciences and VerifyMe
The reasons behind insider stock purchases can offer valuable insights. Recently, we observed two significant insider buys that merit attention.
Assembly Biosciences: A Notable Purchase by Michael Houghton
According to a filing with the SEC, Michael Houghton bought 3,202 shares of Assembly Biosciences (ASMB) on Monday, paying $15.61 per share. This brings his total investment to $49,998. Currently, Houghton is enjoying a modest gain, as the shares have risen approximately 3.0% to a high of $16.09 today. Furthermore, Assembly Biosciences has seen a day-to-day increase of about 1.4% this Thursday. This transaction marks Houghton’s first stock purchase in the last twelve months.
VerifyMe: A Significant Buy from CEO Adam H. Stedham
Meanwhile, Adam H. Stedham, CEO and President of VerifyMe, made headlines by purchasing 22,000 shares at $0.71 each on Monday, totaling an investment of $15,620. Stedham’s buying activity over the past year includes three prior transactions amounting to $16,360 at an average cost of $0.63 per share. VerifyMe has experienced a remarkable uptick, trading up about 28.6% on Thursday. As it stands, Stedham is sitting on impressive returns, being up around 181.7% based on today’s trading high of $2.00.
VIDEO: Thursday 1/2 Insider Buying Report: ASMB, VRME
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