Recent Insider Buys Highlight Promising Stock Moves

Bargain hunters should closely watch insider buying activity. While insiders might sell their shares for various reasons, they typically buy shares with the expectation of profit. Today, we examine two significant recent insider purchases.

Palantir Technologies Sees Notable Purchase

On Thursday, Heather A. Planishek from Palantir Technologies made a substantial investment of $1.16 million by acquiring 10,000 shares of PLTR at $116.14 each. Currently, Planishek’s investment has appreciated approximately 11.8%, based on today’s trading high of $129.89. On Tuesday, Palantir Technologies shares rose about 9.5%. This transaction marks Planishek’s first insider buy in the past year.

Sunrun’s Insider Activity Adds Confidence

In a separate development, Sunrun’s Director, Edward Harris Fenster, made a significant purchase on Monday. Fenster acquired 50,000 shares at a cost of $10.87 each, amounting to a total investment of $543,500. Prior to this acquisition, Fenster had made one other purchase in the last twelve months, acquiring shares for $6.80 each, totaling $1.02 million. On Tuesday, Sunrun’s stock increased by approximately 17.6%. Fenster’s recent buy has also yielded a gain of about 21.7%, based on today’s trading high of $13.23.

VIDEO: Tuesday 5/13 Insider Buying report: PLTR, RUN

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