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 Magnolia Oil & Gas, a filing with the SEC revealed that on Thursday, CHAIRMAN, CEO, PRESIDENT Stephen I.
Chazen bought 50,000 shares of MGY, at a cost of $14.12 each, for a total investment of $706,150.
So far Chazen is in the green, up about 6.7% on their purchase based on today's trading high of $15.07.
Magnolia Oil & Gas is trading up about 2.6% on the day Friday.
Before this latest buy, Chazen purchased MGY on 2 other occasions during the past year, for a total investment of $426,672 at an average of $5.69 per share.
And at Louisiana-Pacific, there was insider buying on Thursday, by EVP, CFO Alan Haughie who purchased 12,470 shares at a cost of $55.94 each, for a trade totaling $697,556.
Louisiana-Pacific Corp is trading up about 3.1% on the day Friday.
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..
