Bargain Hunters Take Note: Insider Cluster-Buying At ALRS
September 19, 2019 at 10:53 AM EDT
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 Alerus Financial Corp (ALRS), 9 different insiders purchased 38,117 shares at an average price of $21.00/share, for a total of $800,457, with the most recent purchase on September 17, 2019.
