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Get An Even Better Deal On MKL Than Director Puckett Did
By Market News Video Staff, Tuesday, February 23, 10:08 AM 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 February 18, Markel Corp 's Director, A. Lynne Puckett, invested $98,298.33 into 90 shares of MKL, for a cost per share of $1092.20. 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 Tuesday, bargain hunters could buy shares of Markel Corp (NYSE:MKL) and achieve a cost basis 1.3% cheaper than Puckett, with shares changing hands as low as $1078.29 per share. Markel Corp shares are currently trading off about 0.6% on the day. The chart below shows the one year performance of MKL shares, versus its 200 day moving average:
Looking at the chart above, MKL's low point in its 52 week range is $710.52 per share, with $1332.55 as the 52 week high point — that compares with a last trade of $1089.99. By comparison, below is a table showing the prices at which MKL insider buying was recorded over the last six months:
This Article's Word Cloud:BackBargainBargainsCheaperCorpDirectorDividendsFebruaryFreeInsiderInsidersLookingLynneMarkelNYSEPricePuckettPurchasedReportShareSharesStartStreetThanThereTitleTuesdayValueWallaboutaboveachievebelowbuyingchartcosthuntersinsiderlastonlypointreasonsharesharesstockthattheirtradingweekwith
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