Bargain Hunters Take Note: Insider Cluster-Buying At SAGE
June 21, 2021 at 11:03 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 Sage Therapeutics Inc (SAGE), 3 different insiders purchased 28,452 shares at an average price of $56.07/share, for a total of $1.6M, with the most recent purchase on June 16, 2021.