Insider Buying Trends: Columbus McKinnon and iRhythm Technologies Make Headlines
Insider trading activity can provide valuable insights into a company’s prospects. Recently, two notable insider purchases have caught investors’ attention.
CEO David J. Wilson of Columbus McKinnon made headlines on Friday when he acquired 31,300 shares of CMCO at $32.02 each, totaling an investment of $1.00 million. Following this buying spree, shares of Columbus McKinnon saw an uptick of about 5% on Tuesday.
In another significant move, Director Abhijit Y. Talwalkar purchased 6,664 shares of iRhythm Technologies for $75.16 each, amounting to approximately $500,866 on Monday. As of Tuesday, shares of iRhythm Technologies surged by about 6.3%. Talwalkar’s investment has already shown positive returns, sitting at around a 17.9% gain based on a trading high of $88.64 today.
VIDEO: Tuesday 11/5 Insider Buying Report: CMCO, IRTC
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