Bargain Hunters Take Note: Insider Cluster-Buying At INOV
November 02, 2020 at 10:50 AM EST
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 Inovalon Holdings Inc (INOV), 3 different insiders purchased 85,000 shares at an average price of $19.50/share, for a total of $1.66M, with the most recent purchase on October 30, 2020.