Cassava Sciences (SAVA) Stock Rockets On Insider Buying

Cassava Sciences Inc (NASDAQ: SAVA) is screaming for the top in the market this morning. While the company hasn’t issued any press releases, there’s good reason for the gains. Two big transactions among insiders have investors excited. Here’s what’s going on:

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SAVA Stock Climbs On Insider Buying

As mentioned above, Cassava Sciences is flying in the market today, and for good reason. Insiders are snapping up shares. According to recent disclosures, there have been two recent insider buys, including:

  • Eric Schoen – Eric Schoen is the CFO at SAVA. He recently purchased 10,000 shares of the stock at an average price of $7.03 per share for a total value of $70,300.00.
  • Sanford Robertson – Sanford Robertson is a director at SAVA. He recently purchased 213,719 shares of common stock at an average price of $6.98 per share. The total value of Mr. Robertson’s buy came to about $1.49 million.

There’s a lot to be said when insiders start to snap up shares. The fact of the matter is that any data available to retail investors is outdated. We receive financial data weeks and sometimes months after the close of the quarter. Clinical data isn’t released for days or weeks. Acquisition conversations aren’t discussed unless an agreement is reached.

The fact of the matter is that there are several things that retail investors simply don’t know, and the things we do know, we learn after the fact. Insiders in a company are in a different position. After all, Cassava insiders know everything that’s going on from the other side of the fence, with no delays.

So, when insiders start to purchase shares, it’s a sign for retail investors that something big is coming. With insiders at SAVA dropping big dollars to buy shares of the stock, there’s good reason to be excited here.

The Bottom Line

The bottom line here is simple… insiders at Cassava Sciences are snapping up shares, and that’s a great sign. After all, if bad news was on the horizons that would put pressure on the stock, insiders wouldn’t be likely to be putting their own money into the stock.

We’re seeing the exact opposite. As a result, SAVA stock is one to watch as good news is likely on the horizon.

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