Insmed up 12% After Insider Share Purchase
Insmed Incorporated (NASDAQ: INSM) is trading higher on the session after disclosing share buying by an insider. According to an SEC filing, the company's director Melvin Sharoky bought approximately 20,000 shares at $3.00 per share.
Additionally, Insmed disclosed yesterday after the close that it filed for a $75 million mixed securities shelf. This disclosure made the shares tick lower in after hours trading.
Insmed is currently trading at $3.38, a gain of $0.36 or 11.92% intraday.
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