Health Services Providers Medco, Tenet Post Earnings Tuesday, November 2, 10:48 AM ET, by Market News Video Staff Prescription services provider Medco Health Solutions (MHS) posted earnings today that fell short of analyst ...
Bearish Two Hundred Day Moving Average Cross - BKD Monday, July 18, 11:30 AM ET, by Market News Video Staff In trading on Monday, shares of Brookdale Senior Living Inc (BKD) crossed below their 200 ...
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 August 15, Brookdale Senior Living Inc's Director, Frank M. Bumstead, invested $148,473.00 into 10,000 shares of BKD, for a cost per share of $14.85. 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 Wednesday, bargain hunters could buy shares of Brookdale Senior Living Inc (NYSE:BKD) and achieve a cost basis 8.1% cheaper than Bumstead, with shares changing hands as low as $13.65 per share. Brookdale Senior Living Inc shares are currently trading off about 2.8% on the day. The chart below shows the one year performance of BKD shares, versus its 200 day moving average:
Looking at the chart above, BKD's low point in its 52 week range is $10.98 per share, with $28.30 as the 52 week high point — that compares with a last trade of $13.80. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
Purchased
Insider
Title
Shares
Price/Share
Value
08/12/2011
James R. Seward
Director
20,000
$14.56
$291,130.00
08/15/2011
Frank M. Bumstead
Director
10,000
$14.85
$148,473.00
According to the ETF Finder at ETF Channel, BKD makes up 1.79% of the SPDR S&P Health Care Services ETF (AMEX:XHS) which is trading lower by about 2.3% on the day Wednesday.
BKD operates in the Hospital & Medical Practitioners sector, among companies like Tenet Healthcare Corp. (NYSE:THC) which is off about 2.9% today, and Health Management Associates, Inc. (NYSE:HMA) trading lower by about 0.1%. Below is a three month price history chart comparing the stock performance of BKD, versus THC and HMA.
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