Eli Lilly, Eli Lilly?
Good week, premium channel members - pay attention to the interesting information that reached us less than 24 hours ago!
Pay attention to this -
Remember we told you about the prominent American senator and businessman - Markwayne Mullin, who bought Adobe ($ADBE) stock 3 weeks ago?
So - it didn't end with Markwayne Mullin...
Note what happened yesterday - David Ricks, CEO of pharmaceutical giant Eli Lilly ($LLY) - who also serves as a senior board member at Adobe in addition to his role as Eli Lilly's CEO - bought 2,250 Adobe shares at a price of $443 per share for a total of $1,000,000.
Interesting timing?
Adobe ($ADBE) is currently trading almost 40% off its peak - and is trading near a 12-month low.
Additionally - this is the first insider purchase at Adobe in 7 months - and when it comes from a person like David Ricks, CEO of $LLY - with the stock near its annual low - it is certainly interesting!
What does Ricks know that leads him to buy $1 million worth of Adobe stock precisely now?
We are monitoring!