RedHill Biopharma Ltd (RDHL)

[midastouch017]

As for RedHill, the insiders' purchases amounted to well under 1% of the biotech's outstanding shares. So why did the stock price jump so much? Investors love to see insider buying. It reinforces the impression that a company's board and executives are confident about the business's prospects.

RedHill plans to soon talk with regulators, including the FDA, about the next steps for its experimental COVID-19 pill, opaganib. Earlier this month, the company reported a statistically significant 62% reduction in mortality for the therapy among hospitalized patients with severe COVID-19 pneumonia.

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