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.
On Thursday, Vishay Precision Group (VPG)'s Director, Wes Cummins, made a $388,112 purchase of VPG, buying 10,000 shares at a cost of $38.81 each.
Investors are able to pick up VPG at a price even lower than Cummins did, with the stock trading as low as $38.32 in trading on Tuesday -- that's 1.3% below Cummins's purchase price.
Vishay Precision Group is trading up about 0.5% on the day Tuesday.
Before this latest buy, Cummins made one other purchase in the past twelve months, buying $341,600 shares at a cost of $34.16 a piece.
And on Friday, Chief Executive Officer H.
Michael Krimbill bought $304,540 worth of NGL Energy Partners LP (NGL), buying 200,000 shares at a cost of $1.52 a piece.
Before this latest buy, Krimbill made one other purchase in the past year, buying $231,900 shares at a cost of $1.55 each.
NGL Energy Partners LP is trading off about 3.4% on the day Tuesday.
Bargain hunters have the opportunity to grab NGL at a price even lower than Krimbill did, with shares changing hands as low as $1.40 at last check today -- that's 8.1% under Krimbill's purchase price.