Published on 24 Jul 2022 on Simply Wall St. via Yahoo Finance
Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Lumos Pharma, Inc. (NASDAQ:LUMO), it sends a favourable message to the company's shareholders.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Check out our latest analysis for Lumos Pharma