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Wednesday 9/2 Insider Buying Report: IMBI, BMRN

Sep 02, 2020 - Nasdaq

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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys. At iMedia Brands, a filing with the SEC revealed that on Friday, Director Eyal Lalo bought 256,000 shares of IMBI, for a cost of $6.25 each, for a total investment of $1.6M. L...