Bargain Hunters Take Note: Insider Cluster-Buying At GMO
April 14, 2014 at 15:48 PM EDT
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 General Moly Inc (GMO), 3 different insiders purchased 251,000 shares at an average price of $0.94/share, for a total of $234,944, with the most recent purchase on April 11, 2014.