Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money.
Today we look at two noteworthy recent insider buys.
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money.
Today we look at two noteworthy recent insider buys.
At Affiliated Managers Group, a filing with the SEC revealed that on Monday, Director Dwight D.
Churchill purchased 1,000 shares of AMG, at a cost of $160.89 each, for a total investment of $160,890.
Affiliated Managers Group is trading down about 0.4% on the day Wednesday.
Before this latest buy, Churchill bought AMG at 2 other times during the past twelve months, for a total cost of $137,240 at an average of $68.62 per share.
And at Enterprise Products Partners, there was insider buying on Friday, by Director John R.
Rutherford who purchased 6,000 shares at a cost of $22.73 each, for a total investment of $136,375.
Before this latest buy, Rutherford made one other purchase in the past year, buying $76,880 shares for a cost of $19.22 each.
Enterprise Products Partners is trading off about 0.7% on the day Wednesday.
Investors can pick up EPD at a price even lower than Rutherford did, with the stock changing hands as low as $22.14 at last check today which is 2.6% below Rutherford's purchase price.