Tuesday 9/5 Insider Buying Report: VAPO, QNCX
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Thursday, Vapotherm's Director, Anthony L. Arnerich, made a $117,337 buy of VAPO, purchasing 37,750 shares at a cost of $3.11 each. Arnerich was up about 3.3% on the purchase at the high point of today's trading session, with VAPO trading as high as $3.21 in trading on Tuesday. Vapotherm is trading up about 2.8% on the day Tuesday. Before this latest buy, Arnerich made one other buy in the past twelve months, purchasing $76,000 shares at a cost of $0.76 a piece.