Bargain Hunters Take Note: Insider Cluster-Buying At PHAT
May 17, 2022 at 10:57 AM 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 Phathom Pharmaceuticals Inc (PHAT), 3 different insiders purchased 53,000 shares at an average price of $7.83/share, for a total of $415,123, with the most recent purchase on May 13, 2022.
