Insider buy at NVAX spurs speculation |
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By M.E.Garza | |
Friday, 13 April 2012 04:32 | |
![]() We note that the company is listed as a "buy" with five different analysts covering the stock according to FactSet. 32.70% of NVAX is owned by institutions and the stock is trading -52.79 % from its 52-Wk High ($ 2.69 ) and 12.39 % from its 52-Wk Low ($ 1.13 ). Interestingly, 8.38 % of the firm's float is "short" the stock with just over 16 days to cover-- so the shorts are betting today's minor price increase won't last, but the insiders must know something else. We're watching this one as an insider buy trade because insiders who buy stock on the open market do so because they expect the price to rise - no one invests to lose money and insiders are no exception. There are two main reasons why insiders would invest in their own companies they believe that the business is about to get better, or the company is undervalued. The stock's chart tells its own story. Each time it "bottoms" there is a rally pattern that keeps repeating here. This looks like an interesting one to trade both up and down. ![]() Disclosure: None "Featured Content" profiles are meant to provide awareness of these companies to investors in the small-cap and growth equity community and should not in any way come across as a recommendation to buy, sell or hold these securities. BiomedReports is not paid or compensated by newswires to disseminate or report news and developments about publicly traded companies, but may from time to time receive compensation for advertising, data, analytics and investor relation services from various entities and firms. Full disclosures should be read in the 'About Us Section'. Add this page to your favorite Social Bookmarking websites ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |