Bargain Hunters Take Note: Insider Cluster-Buying At ELAN
March 18, 2024 at 11:01 AM 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 Elanco Animal Health Inc (ELAN), 3 different insiders purchased 38,100 shares at an average price of $16.22/share, for a total of $617,802, with the most recent purchase on March 8, 2024.