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 dollars to make a purchase, is that they expect to make money. Today we look at a recent insider purchase of note.
On Thursday, Palisade Bio’s Director, Robert Baltera Jr., made a $59,400 purchase of PALI, buying 30,000 shares at a cost of $1.98 a piece. So far Baltera Jr. is in the green, up about 9.6% on their purchase based on today’s trading high of $2.17. Palisade Bio is trading up about 4.3% on the day Tuesday.
VIDEO: Tuesday 7/7 Insider Buying Report: PALI
