if there's one thing I'd like to see....it would be
INSIDERS stepping up and buying. I owned Navistar way back when John Horne was CEO....he brought all the big boys into his office and told them point blank that they WERE to NOW buy shares in NAV to send the signal to the investment community that NAV is going to beomce a force to be reckoned with. It worked and the stock shot up several hundred percent over time....you can't have Officers and such of the company NOT willing to put up or shut up.....bottom line.
Type Last 3 Mo. Last 12 Mo.
Number of Insider Trades 7
Number of Open Market Buys
View: All Purchases
Number of Sells 7
Net Activity (2,041,579)
Total Shares Traded: 2,041,579
Number of Shares Bought:
Number of Shares Sold: 2,041,579
Insider Trading information for CYTK is derived from F
Please point out what evidence there is that insider action supports the bullish case for CYTK.
As far as I can see, insiders are net sellers and have consistently sold their free employee options to cover their tax bill. As far as I can see, insiders don't own much stock and certainly haven't stepped up and put their own money to work by buying CYTK shares on the open market.
Has CEO Blum bought any shares? Has Fadi Malek? Sharon A. Barbari? Andrew Wolff? Obviously not.
It still galls me the way Blum publicly announced several times that CYTK is in the "advanced partnership discussions" concerning Tirasemtiv more than a year ago. (Yes, I bought shares as a result and at much higher levels.) It is now obvious that was a ploy to support the share price in order to do a highly dilutive financing.