Biohaven (BHVN) was the stock pick of the week from Smart Insider after the company's Chair and Chief Executive Vladimir Coric and Director John Childs each bought $1 million worth of shares each at $47.50 apiece on Oct. 2.
Coric now holds about 4% of the company's stock, while Childs owns roughly 7%, Smart Insider said in a note Tuesday.
Director Gregory Bailey also bought $221,000 worth of Biohaven shares at $44.19 apiece on Sept. 24, the note added.
"It is interesting to see them [Coric, Childs, and Bailey] continue to make large purchases, as the stock moves higher, despite already substantial ownership in the company," Smart Insider said.
Smart Insider on Oct. 3 renewed its +1 rank, indicating strong positive signal.
Price: 52.88, Change: +0.11, Percent Change: +0.21
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