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Here's Why BioCryst Pharmaceuticals Jumped Higher Today

TheMotleyFool

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Here's Why BioCryst Pharmaceuticals Jumped Higher TodayPhoto, wide shot, wide-angle lens, Pharmaceutical company, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ae4a134-dd01-4c80-a621-18399f5a2541.png

Shares of BioCryst Pharmaceuticals (NASDAQ: BCRX) are up 14.5% at 1:16 p.m. after the biotech's new CFO, Anthony Doyle, purchased 54,000 shares of the company at $4.08 per share. That's an investment of more than $220,000.

As they say, there are many reasons an executive might feel the need to sell shares, but there's only one reason to buy: Doyle clearly thinks shares are undervalued at this point.

Doyle's price is well below the company's 52-week high of $6.29, but it's also nearly three times the 52-week low of $1.38. Call it a good, but certainly not great, price.

Source Fool.com

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