As per Forbes today: there is ONLY ONE REASON INSIDERS BUY...
"There’s an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on December 19, Exelixis Inc’s Director, Vincent T. Marchesi, invested $28,327.35 into 6,000 shares of EXEL, for a cost per share of $4.72. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money."
And why would that be? Because they KNOW its UNDERVALUED. Sound familiar???
Please (rolling my eyes): This is not serious insider buying! You can flip this whole insider premise bantored about and ask why ALL insiders at this company are not buying at these prices----all of them! The answer is easy--until you get prostate data this is a cycling under the screen average everyday bio with focus on one spot---CABO---the rest is in stasis or #$%$! it used to be a multi-compound play!
Look at the CEO of OPK---he is buying so many sheres in his company it appears he is trying to take it private---thats insider buying--not this piddly baloney with associated hyped up article!!
interestingly enough the two bios PPS are about the same! Right now Idon;t own either! but that will change eventually!