Two CEOs put their own cash on the line over the past week to help bolster their vision for major strategy decisions at their companies. Insider buying and selling is a metric closely tracked by many professional investors. The thinking goes that executives and board members are more willing to spend their own money buying additional shares of a company if they think the stock is undervalued.
Masimo said Friday that it was willing to expand the board by one member and add one of the activist's nominees. Kiani's roughly $1 million purchase comes after he scooped up $6 million of the stock in November and December of 2022. Here is the full list of the top five insider buys of the past week, according to VerityData. 1) RenaissanceRE — O'Donnell bought $2.5 million worth of shares on May 26 as part of a secondary offering.