Recent Insider Buys Signal Confidence in Humana and CVRx Stocks

Insider trading can provide insights into a company’s future. While there are many reasons for insiders to sell stocks, buying often indicates confidence in the company’s prospects. Here, we review two significant insider purchases made recently.

Humana’s CEO Makes Noteworthy Purchase

On Wednesday, James A. Rechtin, the CEO of Humana, acquired 6,530 shares of HUM for $1.5 million, purchasing each share at $229.25. At the peak of today’s trading session, Rechtin saw an 8.0% increase in value, with HUM rising to a high of $247.62 during trading on Monday. Notably, Humana is currently up about 3.7% on the same Monday.

Significant Investment in CVRx

Also on Wednesday, Kirk G. Nielsen purchased $977,346 worth of CVRx. He bought 187,813 shares at a price of $5.20 each. CVRx, which is trading up about 7.5% on Monday, showed a 32.0% gain for Nielsen at the top of today’s trading session. The stock reached a high of $6.87 during trading on Monday.

VIDEO: Monday 5/19 Insider Buying report: HUM, CVRX

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.