Bargain Hunters Take Note: Insider Cluster-Buying At IPXL
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 Impax Laboratories Inc (IPXL), 3 different insiders purchased 8,500 shares at an average price of $16.85/share, for a total of $143,213, with the most recent purchase on March 12, 2013.
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