Bargain Hunters Take Note: Insider Cluster-Buying At AKBA
November 22, 2019 at 10:58 AM EST
A particularly strong insider buying signal is what we call a "cluster-buy" where three or more different insiders make open market purchases within a short period of one another. At Akebia Therapeutics Inc (AKBA), 5 different insiders purchased 147,800 shares at an average price of $3.46/share, for a total of $511,854, with the most recent purchase on November 20, 2019.