Bargain hunters should note significant insider buying activity from two companies this week. On Friday, Patrick E. Allen of Arxis purchased 10,000 shares of ARXS for $280,000, averaging $28.00 per share. As of Tuesday, ARXS traded as high as $39.45, marking a 40.9% increase at its peak during the trading session.
Additionally, on Thursday, Okta Director David Schellhase bought 3,712 shares for $267,408 at $72.04 each. By Tuesday, OKTA reached a high of $79.87, giving Schellhase a 10.9% gain on his investment at its peak. Both stocks showed positive trading movements, with Arxis up 1.3% and Okta up 3.8% on the same day.
