Friday 6/19 Insider Buying Report: GBIO, FGBI

Friday 6/19 Insider Buying Report: GBIO, FGBI

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 dollars to make a purchase, is that they expect to make money.

Today we look at two noteworthy recent insider buys.

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 dollars to make a purchase, is that they expect to make money.

Today we look at two noteworthy recent insider buys.

At Generation Bio, a filing with the SEC revealed that on Tuesday, Director Charles A.

Rowland Jr. bought 30,000 shares of GBIO, at a cost of $19.00 each, for a total investment of $570,000.

So far Rowland Jr. is in the green, up about 15.5% on their purchase based on today's trading high of $21.94.

Generation Bio is trading up about 3.2% on the day Friday.

And also on Tuesday, Director William K.

Hood bought $444,000 worth of First Guaranty Bancshares, buying 37,000 shares at a cost of $12.00 each.

Before this latest buy, Hood made one other buy in the past year, purchasing $464,600 shares at a cost of $20.20 each.

First Guaranty Bancshares, is trading up about 0.9% on the day Friday.