Notable Insider Buys Last Week: Small-Cap Biotechs [Yahoo! Finance News]
Aptinyx Inc. (APTX)
Last aptinyx inc. earnings: 3/30 04:01 pm
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Source: Yahoo! Finance News
Insider buying can be an encouraging signal for potential investors. Insiders at some small-cap biotechs have made notable share purchases. At two of them, the shares were sold in recent secondary offerings. Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit. So insider buying The following are a few of significant insider purchases reported last week, all small-cap biotechs. Also note that with earnings season in full swing, buy windows for many insiders are closed. Aptinyx A director at Aptinyx Inc APTX Aptinyx stock saw about a 9% gain in the past week, and shares were last seen trading at $4.60 apiece, above the director's purchase price and a multimonth high. The stock still is down more than 12% year-over-year. The consensus analyst recommendation is to buy the shares, and on average they see the share price going to $11. La Jolla Pharmaceutical La Jolla Pharmac
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