Opko Health Inc. (NYSE: OPK)
Opko Health is having an incredible day in the market today, and based on insider movements, the stock is likely to keep climbing. It was announced today that the CEO of OPK is buying more shares. Today, we’ll talk about why insider movements are important to watch, what we’re seeing from the CEO of OPK, and what we can expect to see from the stock moving forward. So, let’s get right to it…
Why Insider Movements Are Important To Watch
As investors, we make predictions with regard to where the values of stocks are headed based on research that we do. However, our research only gives us a small piece of the picture. The reality is that the people that know the most about what to expect moving forward are the members of upper level management at the companies represented by the stocks we trade. As a result, watching the movement of these individuals, known as insiders, is incredibly important. The reality is that when an insider believes that big gains are coming, chances are that he or she is correct. In many cases, under these circumstances, the insiders will start to buy shares in order to take advantage of the big gains on the horizons. Adversely, when insiders believe that declines are on the way, we often see these insiders selling their shares. So, by watching insiders to see whether they are buying or selling, we can get a relatively clear picture of what we can expect to see from a stock moving forward.
What We’re Seeing With Regard To Insider Movements At OPK
When it comes to OPK we’re seeing some pretty big insider moves. The insider that we’re watching at the moment is named Phillip Frost. He is the CEO and Chairman of the company, and it’s arguable that he knows most about what we’re likely to see from the stock moving forward. Today alone, Frost made a huge purchase. He invested another $118.7 thousand into the company. However, that’s not the only investment that he’s made into Opko Health as of late. In fact, over the past month or so, we’ve seen several big movements from the CEO. Over this period of time, Frost has purchased shares in OPK 16 times with a total value of $3.5 million. Based on this, I’d have to imagine that he knows about something big that’s coming that’s likely to increase the value of the shares he’s buying.
What We’re Seeing In The Market
As investors, we know that the news moves the market. Positive news generally causes gains and negative news generally causes losses. In this particular case, the fact that the CEO of OPK is buying shares like they’re selling at a discount is incredibly good news for the stock. So naturally, we’re seeing strong gains on Opko Health at the moment. Currnetly (12:30), OPK is trading at $8.98 per share after a gain of $0.99 per share or 12.39% thus far today.
What We Can Expect To See Moving Forward
Moving forward, I’m expecting to see incredibly bullish activity out of Opko Health. While I’m no insider, activity from the CEO of the company tells me that big moves are on the horizons, and investors seem to be excited about what we can expect to see considering the movement we’re seeing in the market. All in all, things are looking good for the stock.
What Do You Think?
Where do you think OPK is headed moving forward and why? Let us know your opinion in the comments below!