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BH Trading 71.0% Below CEO's Recent Buy Price

By Market News Video Staff, Wednesday, February 17, 11:23 AM ET
Play Video: One Reason For Insiders to Buy


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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 December 17, Biglari Holdings Inc 's CEO, Sardar Biglari,, invested $338,174.73 into 843 shares of BH, for a cost per share of $401.16. 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 Biglari Holdings Inc (NYSE:BH) and achieve a cost basis 71.0% cheaper than Biglari,, with shares changing hands as low as $116.38 per share. Biglari Holdings Inc shares are currently trading up about 4% on the day. The chart below shows the one year performance of BH shares, versus its 200 day moving average:

Biglari Holdings Inc  Chart

Looking at the chart above, BH's low point in its 52 week range is $37.85 per share, with $135 as the 52 week high point — that compares with a last trade of $120.71. By comparison, below is a table showing the prices at which BH insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
09/04/2020 Sardar Biglari, Chairman and CEO 3,492 $122.93 $429,287.55
09/11/2020 Sardar Biglari, Chairman and CEO 2,973 $100.78 $299,631.05
11/17/2020 Sardar Biglari, Chairman and CEO 37,059 $102.84 $3,811,068.47
11/16/2020 John Garrett Cardwell Director 200 $101.86 $20,372.00
11/30/2020 Sardar Biglari, Chairman and CEO 5,302 $111.99 $593,750.10
12/08/2020 John Garrett Cardwell Director 100 $119.42 $11,942.00
12/10/2020 Sardar Biglari, Chairman and CEO 11,054 $141.16 $1,560,405.22
12/17/2020 Sardar Biglari, Chairman and CEO 843 $401.16 $338,174.73

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