Welcome to edition 410 of Insider Weekends. Insider buying increased significantly last week with insiders purchasing $78.99 million of stock compared to $14.96 million in the week prior. Selling on the other hand decreased with insiders selling $651.93 million of stock last week compared to $692.06 million in the week prior. A large portion of the insider buying last week was related to transfer of stock between family members (AFSI), private placements (SMHI), IPOs (SURF and CLBK) and hence I would not read much into the spike in insider buying. We tend to exclude these kinds of insider purchases when highlighting notable insider purchases each week.
Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week dropped to 8.25. In other words, insiders sold more than 8 times as much stock as they purchased. The Sell/Buy ratio this week compares favorably with the prior week, when the ratio stood at 46.26.
Notable Insider Buys:
1. OPKO Health, Inc. (OPK): $3.16
Shares of this medical devices and drug development company were acquired by 2 insiders: