6 More Stock Briefs

Keryx Biopharmaceuticals (KERX): It's usually a positive indicator for a stock when insiders buy shares of a company because it tells investors that those insiders are confident enough that they are willing to put their own money on the line alongside the common shareholders. This week insiders continued to buy shares of Keryx Biopharmaceuticals.

While it may be a positive indicator for the KERX stock, I got a good chuckle out of the amount of shares that were purchased and the total cost of the transactions. The most recent transactions, according to filed SEC paperwork, were for a whopping total of a few hundred bucks! Don't get me wrong, an insider buy is an insider buy, but you expect to see a whole lot more shares purchased and money spent when insiders buy.