Wednesday 8/12 Insider Buying Report: UPWK, VIRT
Wednesday 8/12 Insider Buying Report: UPWK, VIRT
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.
Wednesday 8/12 Insider Buying Report: UPWK, VIRT
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.
At Upwork, a filing with the SEC revealed that on Tuesday, Director Gregory C.
Gretsch purchased 547,844 shares of UPWK, at a cost of $14.71 each, for a total investment of $8.06M.
Upwork is trading up about 3.5% on the day Wednesday.
Before this latest buy, Gretsch bought UPWK on 2 other occasions during the past year, for a total cost of $6.61M at an average of $9.54 per share.
And also on Tuesday, Chief Executive Officer Douglas A.
Cifu bought $2.25M worth of Virtu Financial, buying 100,000 shares at a cost of $22.45 a piece.
Virtu Financial is trading up about 2.6% on the day Wednesday.
So far Cifu is in the green, up about 5.2% on their purchase based on today's trading high of $23.63.