Even though US stocks finished down on Friday, Coinbase stock (NASDAQ:COIN) and 3 other stocks were a few significant insider deals.
When insiders buy stock, it shows that they believe in the company’s future or see the stock as a good buy. In any case, this indicates a chance to buy more shares. When making an investment or trading choice, insider purchases shouldn’t be the only factor considered. It can, at most, give a purchase choice more conviction.
Some Significant Insider Stock Buys.
Lazydays Holdings Inc. Stock
The Transaction: Bryant Riley, a 10% owner, purchased 191,203 shares of LAZY stock at an average price of $12.95. These shares cost around $2.48 million to buy.
What’s New: Trust Securities recently upgraded Lazydays to Hold and reduced the price objective from $16 to $13.
Lazydays Holdings Inc (NASDAQ:LAZY) is a company that sells recreational vehicles.
Biohaven Stock
The Transaction: Biohaven Ltd. (US:NYSE:BHVN) CEO Vlad Coric purchased 485,775 shares of BHVN stock at an average price of $10.31. These shares cost around $5.01 million to buy.
Pfizer has finalized its purchase of Biohaven Pharmaceuticals.
What Biohaven Does: Biohaven Pharmaceutical Holding Co Ltd is a biopharmaceutical business at the clinical stage. It has a pipeline of late-stage pharmaceutical candidates for neurological conditions, particularly uncommon diseases.
Tricida Stock
Nimish Shah, a 10% Tricida, Inc. (NASDAQ:TCDA) owner, purchased a total of 223,100 shares of TCDA stock at an average price of 11.81. These shares cost around $2.63 million to buy.
What’s New: Tricida posted better-than-expected Q2 EPS earnings in August.
Tricida Inc is a pharmaceutical business focusing on developing and marketing its medication candidate, veverimer (TRC101), a non-absorbed, orally-administered polymer meant to treat metabolic acidosis by binding to and eliminating acid from the gastrointestinal (GI) tract.
Global Coinbase Stock
The Transaction: Coinbase Global, Inc. (NASDAQ:COIN) Director Tobias Lutke purchased 5,610 shares of Coinbase stock at an average price of $69.09 per share. The insider paid around $387.59 thousand for the shares.
What’s New: Wells Fargo has begun coverage on Coinbase stock with an Underweight rating and a $57 price target.
Coinbase Global’s Functions: Coinbase, founded in 2012, is the main bitcoin trading platform in the United States.
Featured Image- Unsplash @ PiggyBank
