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Insider Buying Of Molecular Templates Stock Corresponds With Analyst Ratings
Kailas Salunkhe- April 20, 2021, 11:36 AM EDT SHARE ON:
MTEM) has seen multiple informed key insider purchases over the past few weeks.
Whenever insiders such as top management, board members, or significant stake owners add to their holdings, it could be a very positive signal for retail investors.
While all information within companies may not be public, regulations stipulate the timely disclosure of trades that are executed by corporate insiders. This often provides retail investors with important insights into the financial health of the company.
Over the past three weeks, Biotech Target NV, which holds a more than 10% stake in Molecular Templates, has purchased MTEM stock in 6 separate transactions including one today to the value of about $1.29 million.