The Online Investor
OLI Premium
Contrarian Outlook
Stock Option Ideas
Preferred Stock Newsletter

Top Buys by Top Brass: CEO Drake's $500K Bet on VRAY

By The Online Investor Staff, Wednesday, August 14, 2:12 PM ET

A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $500K by Scott William Drake, CEO at ViewRay Inc (NASDAQ:VRAY).

Drake bets big on VRAY:

Purchased Insider Title Shares Price/Share Value
08/13/2019 Scott William Drake President & CEO 131,260 $3.81 $500,048.10

Drake's average cost works out to $3.81/share. Shares of ViewRay Inc were changing hands at $4.04 at last check, trading up about 1% on Wednesday. The chart below shows the one year performance of VRAY shares, versus its 200 day moving average:

ViewRay Inc Chart

Looking at the chart above, VRAY's low point in its 52 week range is $2.76 per share, with $10.73 as the 52 week high point — that compares with a last trade of $4.04.

Special Offer: Join the income investing conversation on with a special Seven Days for Seven Dollars invitation.

Find the right mix of model portfolios today at

This Article's Word Cloud:   Bets   Brass   Buys   Days   Dollars   Drake   Insider   Insiders   Join   Looking   Offer   Place   President   Presumably   Price   Purchased   Scott   Seven   Share   Shares   Special   Start   Title   VRAY   Value   ValueForum   ViewRay   Wednesday   William   about   above   average   below   buys   chart   company   insider   last   make   maybe   mdash   point   share   stock   take   that   their   they   week   with

Top Buys by Top Brass: CEO Drake's $500K Bet on VRAY | | Copyright © 1998 - 2019, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Service. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.