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|Top Buys by Directors: Wilder Jr.'s $1M Bet on XCO
Friday, November 13, 11:02 AM ET, by Market News Video Staff
The directors of a company tend to have a unique inside view into the business, ...
First Week of May 20th Options Trading For Exco Resources (XCO)
Tuesday, March 22, 10:40 AM ET, by Market News Video Staff
Investors in Exco Resources Inc. (XCO) saw new options begin trading this week, for the ...
Interesting XCO Put Options For December 16th
Monday, April 18, 11:06 AM ET, by Market News Video Staff
Investors in Exco Resources Inc. (XCO) saw new options begin trading today, for the December ...
Notable Friday Option Activity: XCO, MDVN, ANGI
Friday, June 17, 3:26 PM ET, by Market News Video Staff
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...
5 Wilbur Ross Holdings Attracting Short Sellers
Wednesday, July 13, 1:08 PM ET, by Market News Video Staff
An examination of the most recent short interest data revealed these five Wilbur Ross stocks ...
Cyber Monday Stock Bargains: Miller Energy Resources a 41% Better Deal Than When Stivers Bought
By Energy Stock Channel Staff, Monday, November 28, 12:56 PM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on September 28, Miller Energy Resources, Inc.'s Director, Charles M. Stivers, invested $184,400.00 into 40,000 shares of MILL, for a cost per share of $4.61. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.
In trading on Monday, bargain hunters could buy shares of Miller Energy Resources, Inc. (MILL) and achieve a cost basis 41.4% cheaper than Stivers, with shares changing hands as low as $2.70 per share. Miller Energy Resources, Inc. shares are currently trading up about 9.1% on the day. The chart below shows the one year performance of MILL shares, versus its 200 day moving average:
Looking at the chart above, MILL's low point in its 52 week range is $2.02 per share, with $8.04 as the 52 week high point — that compares with a last trade of $2.86. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
||David J. Voyticky
||Scott M. Boruff
||Merrill A/ McPeak
||David Michael Hall
||Charles M. Stivers
MILL operates in the Oil & Gas Exploration & Production sector, among companies like Exco Resources Inc. (NYSE:XCO) which is up about 6.2% today, and McMoran Exploration Co (MMR) trading higher by about 7.7%. Below is a three month price history chart comparing the stock performance of MILL, versus XCO and MMR.
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