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Insider Buying Remains Elevated For A Second Week $SBUX $UBER $RILY

Benzinga Real-time News ·  May 16, 2022 22:43

In an unusually volatile week, we saw significant market weakness earlier in the week probably driven by forced selling and a relief rally in the end. Insiders once again stepped up their purchases to take advantage of prices, which in some cases are down anywhere from 50% to 90% from their peaks. While overall insider buying went up by a little over $11 million last week, both the number of insiders and the number of companies with insider buying went up significantly. The last week of April saw 207 insiders across 98 companies purchase shares. This went up to 407 insiders across 169 companies in the first...

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