Bargain Hunters Take Note: Insider Cluster-Buying At CDMO
April 02, 2020 at 14:07 PM EDT
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 Avid Bioservices Inc (CDMO), 5 different insiders purchased 88,500 shares at an average price of $3.72/share, for a total of $329,115, with the most recent purchase on March 23, 2020.
