As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.
So let's look at two noteworthy recent insider buys.
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.
So let's look at two noteworthy recent insider buys.
On Monday, Energy Transfer's Executive Chairman, Kelcy L.
Warren, made a $9.99M purchase of ET, buying 1,089,828 shares at a cost of $9.17 each.
Warren was up about 4.5% on the purchase at the high point of today's trading session, with ET trading as high as $9.58 in trading on Thursday.
Energy Transfer is trading off about 0.5% on the day Thursday.
This buy marks the first one filed by Warren in the past year.
And at Elanco Animal Health, there was insider buying on Wednesday, by President, CEO & Director Jeffrey N.
Simmons who bought 16,850 shares for a cost of $29.70 each, for a total investment of $500,445.
Elanco Animal Health is trading up about 1% on the day Thursday.
Bargain hunters are able to buy ELAN even cheaper than Simmons did, with the stock trading as low as $29.10 in trading on Thursday -- that's 2.0% under Simmons's purchase price.
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider..
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to..
