Insider Buys Tonix Pharmaceuticals Stock
TNXP) decreased by 1.4% from the previous closing price. Sullivan Gregory M filed a Form 4 with the SEC on Wednesday, August 19. The insider bought 20,000 shares at an average price of $1.03. After the transaction, the executive’s stake in Tonix Pharmaceuticals Inc. moved to 21,405 shares.
Why Insider Transactions Are Important?
While transactions from an insider shouldn’t be used as the sole item to make an investment or trading decision, an insider buying or selling stock in their company can be a good added factor that leads to more conviction in a decision.
When an insider buys stock after an important sell off, that can indicate the insider’s faith in the success of the organization. Henceforth, if the stock is bought at new highs, it might be because the insider feels that the stock is not overvalued. Insiders who sell stock at new lows could be anticipating some capitulation moment. If the insider sells at new highs, it could point to the intention to “take some profit” and “lock in a gain.”
Transaction Codes To Focus On
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