PEO Ex-Dividend Reminder - 2/11/21 Tuesday, February 9, 10:52 AM ET, by Market News Video Staff On 2/11/21, Adams Natural Resources Fund Inc (PEO) will trade ex-dividend, for its quarterly dividend ...
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 April 29, Adams Natural Resources Fund Inc's CCO, Janis F. Kerns, invested $23,160.29 into 1,504 shares of PEO, for a cost per share of $15.40. 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 Adams Natural Resources Fund Inc (NYSE:PEO) and achieve a cost basis even cheaper than Kerns, with shares changing hands as low as $15.32 per share. Adams Natural Resources Fund Inc shares are currently trading off about 1% on the day. The chart below shows the one year performance of PEO shares, versus its 200 day moving average:
Looking at the chart above, PEO's low point in its 52 week range is $9.04 per share, with $15.63 as the 52 week high point — that compares with a last trade of $15.43. By comparison, below is a table showing the prices at which PEO insider buying was recorded over the last six months:
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