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 dollars 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 dollars to make a purchase, is that they expect to make money.
Today we look at two noteworthy recent insider buys.
At FMC, a filing with the SEC revealed that on Monday, Director Carol Anthony Davidson purchased 1,500 shares of FMC, for a cost of $93.89 each, for a total investment of $140,836.
Investors are able to bag FMC at a price even lower than Davidson did, with shares trading as low as $92.80 in trading on Tuesday which is 1.2% under Davidson's purchase price.
FMC is trading up about 0.5% on the day Tuesday.
And on Thursday, See Remarks Brendan E.
Krueger purchased $139,900 worth of Antero Midstream, purchasing 15,000 shares at a cost of $9.33 a piece.
This purchase marks the first one filed by Krueger in the past twelve months.
Antero Midstream is trading up about 1.1% on the day Tuesday.
Krueger was up about 4.1% on the purchase at the high point of today's trading session, with AM trading as high as $9.71 in trading on Tuesday.