Recent Insider Trades Highlight Opportunities in Grocery Outlet and Biohaven

Bargain hunters should closely monitor insider buying activity. While insiders may have various reasons for selling a stock, purchasing shares often indicates a belief in the company’s future profitability. Today, we examine two significant recent insider buys.

Grocery Outlet Holding Insider Purchase

On Friday, Grocery Outlet Holding’s Director, Erik D. Ragatz, made a notable investment by purchasing $2.02 million worth of GO shares. Specifically, he acquired 165,000 shares at a price of $12.25 each. Currently, investors can purchase GO even more affordably, as the stock is trading at $11.10, which is 9.4% lower than Ragatz’s purchasing price. On Wednesday, Grocery Outlet Holding saw a slight decline, trading down about 0.9%. Over the past twelve months, Ragatz has invested a total of $5.13 million in GO, with an average buy price of $20.81 per share.

Biohaven Insider Buying Activity

Meanwhile, at Biohaven, Director John W. Childs made a purchase on Tuesday, buying 32,700 shares at a cost of $30.47 each, amounting to a total investment of $996,238. Prior to this recent buy, Childs had made seven other purchases within the last year, resulting in a cumulative investment of $16.05 million at an average of $39.81 per share. On Wednesday, Biohaven stock was down approximately 1.8%. Notably, Childs saw a gain of 4.6% during the day’s trading, with BHVN reaching a high of $31.87.

report: GO, BHVN” style=”margin-right: 6px; margin-bottom: 5px;” align=”left” border=”0″>VIDEO: Wednesday 3/5 Insider Buying report: GO, BHVN

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