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Thursday 6/13 Insider Buying Report: MAC, NGL
Thursday, June 13, 10:31 AM ET

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 Macerich (NYSE:MAC), a filing with the SEC revealed that on Tuesday, Director Andrea M. Stephen purchased 20,000 shares of MAC, at a cost of $35.02 each, for a total investment of $700,300. Macerich is trading up about 1.4% on the day Thursday. This buy marks the first one filed by Stephen in the past year.

And at NGL Energy Partners LP (NYSE:NGL), there was insider buying on Wednesday, by Chief Executive Officer H. Michael Krimbill who bought 25,000 shares at a cost of $14.53 each, for a trade totaling $363,143. Before this latest buy, Krimbill bought NGL at 2 other times during the past year, for a total cost of $520,569 at an average of $10.41 per share. NGL Energy Partners LP is trading off about 0.3% on the day Thursday.

For MarketNewsVideo.com, I'm Sayoko Murase.

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