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Friday 7/5 Insider Buying Report: BBIO, CHNG

Video Credit: Market News Video - Duration: 00:52s - Published
Friday 7/5 Insider Buying Report: BBIO, CHNG

Friday 7/5 Insider Buying Report: BBIO, CHNG

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy — they expect to make money.

So let's look at two noteworthy recent insider buys.

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As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy — they expect to make money.

So let's look at two noteworthy recent insider buys.

On Monday, Bridgebio Pharma's, Michael Thomas Henderson, made a $119,000 buy of BBIO, purchasing 7,000 shares at a cost of $17.00 a piece.

Henderson was up about 69.4% on the purchase at the high point of today's trading session, with BBIO trading as high as $28.80 in trading on Friday.

Bridgebio Pharma is trading down about 3% on the day Friday.

This purchase marks the first one filed by Henderson in the past twelve months.

And also on Monday, Director Bansi Nagji bought $65,000 worth of Change Healthcare, buying 5,000 shares at a cost of $13.00 a piece.

This purchase marks the first one filed by Nagji in the past twelve months.

Change Healthcare is trading up about 0.7% on the day Friday.

So far Nagji is in the green, up about 16.5% on their purchase based on today's trading high of $15.15.




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