The latest data from GuruFocus shows that President and CEO N/A bought 5000 shares of TRACON Pharmaceuticals Inc (TCON) on 2022-09-22.
When insiders buy shares of their company’s stock, it can often be a positive sign. It could signal that insiders are turning bullish on the future of their company. Insiders know far more about their company than the general public does, so it is worth paying attention to their trades. With this in mind, let’s take a look at this insider buy to see if TRACON Pharmaceuticals Inc deserves the attention of investors.
Charles Theuer’s trades
Over the past year, Charles Theuer has purchased 0 shares in total.
This means that Charles Theuer has been buying their company’s stock over the long term. This could be a positive sign for the stock’s future.
Some investors may wonder whether one insider’s buys are that important. Are other insiders buying the stock as well, or are other insiders selling?
The insider transaction history for TRACON Pharmaceuticals Inc shows than there have been 36 insiders buys in total over the past year. Meanwhile, there have been 0 insider sells over the same timeframe.
We like to see more insider buys compared to insider sells. This indicates a bullish trend among the company’s top executives and owners. The more insiders are buying, the more likely it is that the stock is undervalued.
Shares of TRACON Pharmaceuticals Inc were trading for $1.69 apice on the day of Charles Theuer’s recent buy. This gives the stock a market cap of $36.203 Millions.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
This article is general in nature and does not represent the opinions of GuruFocus or any of its affiliates. This article is not intended to be financial advice, nor does it constitute investment advice or recommendations. It was written without regard to your individual situation or financial goals. We aim to bring you fundamental, data-driven analysis, The information on this site is in no way guaranteed for completeness, accuracy or in any other way.
- CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
- Double Buys:: Companies that both Gurus and Insiders are buying
- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.