Amicus Executive Picks Up a Large Block
Amicus Therapeutics Inc. (FOLD, Free Analysis), a biopharmaceutical company focused on small molecule drugs, saw significant insider purchasing from Executive Chairman John Crowley on June 17, 2011. The insider purchased some 20,000 shares at $6.04 per share in a transaction valued at $120,800 that brought his ownership stake up to 99,876 shares.
With several upcoming catalysts and its recent addition to the Russell 2000 index, Amicus has attracted the attention of many investors in recent months. In May, the company announced that its Phase 3 Amigal study is nearing completion and is expected to be fully enrolled by the third quarter, while its other Phase 2 studies are also moving forward as planned.
Citizens President Builds a Bigger Stake
Citizens Inc. (CIA, Free Analysis), a provider of insurance for individuals in the U.S. and over 30 countries around the world, saw significant insider purchasing from Vice Chairman and President Rick Riley on June 17, 2011. The insider purchased some 1,800 shares at an average price of $6.30 per share in a transaction valued at $11,340 that brought his trust’s total ownership stake up to 327,492 shares.
After the insurance provider reported $1.8 million in net income last quarter, it has been in the crosshairs of both individual and institutional shareholders. Institutional holdings in the stock jumped more than 10% in recent months, while many investors are starting to take a second look at this name.
Valhi Chairman Extends Buying Spree
Valhi Inc. (VHI, Free Analysis), a diversified chemical, component and waste management company, saw significant insider purchasing from Chairman Harold Simmons on June 20, 2011. The insider purchased some 5,302 shares at an average price of $42.26 per share in a transaction valued at $244,055 that brought his total ownership stake to more than 1.4 million shares.
With a chemical designed to dispose of nuclear waste, Valhi has been a hot commodity after Japan’s nuclear disaster. Meanwhile, the company is also benefiting from a squeeze in titanium dioxide prices, as one of the largest producers in the world. Insiders appear to have taken notice with a slew of insider purchasing in recent weeks. For the latest updates PRESS CTR + D or visit Stock Market news Today
No comments:
Post a Comment