Fibrocell Science Inc (NASDAQ: FCSC)
Fibrocell Science is having an incredibly strong day in the market today. When the opening bell sounded, the stock found itself in the green. Since then, it has been edging further and further up throughout the trading session. Below, we'll talk about what we're seeing from the stock, why, and what we'll be watching for with regard to FCSC ahead.
What We're Seeing From FCSC
As mentioned above, Fibrocell Science is having an incredibly strong day in the market today. When the opening bell rang, the stock was in the green. Since then, we've only seen further gains. At the moment (12:06), FCSC is trading at $0.86 per share after a gain of $0.03 per share or 3.60% thus far today.
Why The Stock Is Gaining
As usual, when the CNA Finance team saw that FCSC was headed upward, we started to do some digging to see exactly what was causing the gains. It didn't take very much time to uncover the story. It looks like the gains are being caused by a rather large insider buy that came at a premium.
According to recent reports, the CEO at Fibrocell Sciences has loaded up on new shares of the company. In fact, he has purchased 50 thousand of them. Perhaps more importantly, the price was pretty high. In fact, he purchased the shares at $0.92 each.
What We'll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on FCSC. At the end of the day, large insider purchases are often signs of positive news to come. Nonetheless, we'll keep our eyes peeled for the news and update you as soon as anything breaks!
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