Dr. Barer (Chairman of the Board) has purchased 45,000 shares in the past few weeks, including 20,000 yesterday, amounting to about $300,000 worth of stock. This was not an option exercise, but just an open market purchase, possibly signaling that the stock price might be undervalued at the moment.
Look for longs and possible exit at $8.
As always, it is very difficult to know the rationale as to why there was a purchase, so take the information lightly.
Look for longs and possible exit at $8.
As always, it is very difficult to know the rationale as to why there was a purchase, so take the information lightly.