Insmed up 12% After Insider Share Purchase

Insmed Incorporated 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.