Two insiders at Insys Therapeutics, Inc. (NASDAQ:INSY) submitted Form 4s to the SEC for recent purchases of stock, often considered to be a bullish signal for companies. Since officers and directors of companies have the most complete picture of what is going on inside of their organization, it's a major vote of confidence to see them buying shares. 

Insider Buying by the President & CEO

The President and CEO of Insys, Saeed Motahari, filed a Statement of Changes in Beneficial Ownership (a Form 4) with the SEC on May 16th to report a stock purchase. On May 16th, Mr. Motahari purchased 4,500 shares of INSY at a weighted average price of $11.9848 per share. The purchase amounted to an investment of $53,931.60. Following the transaction, Mr. Motahari beneficially owns 4,500 shares of INSY.

Insider Buying by the Executive Chairman

The Executive Chairman of the Board of Directors at Insys, Steven Meyer, filed a Form 4 with the SEC on May 18th to report a stock purchase. On May 18th, Mr. Meyer purchased 8,000 shares of INSY at a price of $12.21 per share. The purchase amounts to an investment of $97,680. Following the purchase, Mr. Meyer beneficially owns 52,083 shares of INSY. 

Conclusion

To learn more about Insys Therapeutics, Inc. be sure to check out the company's profile in our marijuana stocks database. To check out other companies operating in the cannabinoid-biotech space, check out our sector database. 

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D/M/O

Disclosure:

 I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

 I have no business relationship with any company whose stock is mentioned in this article.

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