Relative Strength Alert For City Office REIT Thursday, September 21, 4:28 PM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Look Under The Hood: FRI Has 23% Upside Thursday, September 28, 7:10 AM ET, by Market News Video Staff Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Notable Monday Option Activity: POST, PI, CIO Monday, October 2, 3:22 PM ET, by Market News Video Staff Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...
Reminder - City Office REIT Goes Ex-Dividend Soon Wednesday, October 4, 9:57 AM ET, by Market News Video Staff On 10/6/23, City Office REIT Inc (CIO) will trade ex-dividend, for its quarterly dividend of ...
Land This Bargain Even Cheaper Than Director Flatt Did
By Market News Video Staff, Monday, August 30, 10:10 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 August 25, City Office REIT Inc's Director, William R. Flatt, invested $24,796.20 into 1,560 shares of CIO, for a cost per share of $15.89. 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 City Office REIT Inc (NYSE:CIO) and achieve a cost basis even cheaper than Flatt, with shares changing hands as low as $15.89 per share. City Office REIT Inc shares are currently trading off about 1% on the day. The chart below shows the one year performance of CIO shares, versus its 200 day moving average:
Looking at the chart above, CIO's low point in its 52 week range is $6.12 per share, with $16.62 as the 52 week high point — that compares with a last trade of $15.99. By comparison, below is a table showing the prices at which CIO insider buying was recorded over the last six months:
This Article's Word Cloud:AugustBackBargainBargainsChannelCheaperCityDirectorDividendFlattInsiderInsidersLookingMondayNYSENewsletterOfferOfficePremiumPricePurchasedREITReceiveShareSharesSpecialStartStreetThanThereWilliamaboutbelowbuyingchartcosthuntersinsiderlastonlypointreasonsharesharesstockthattheirtradingweekwith
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.
Play Video:
One Reason For Insiders to Buy
Free Email Alerts By Stock:
Start slideshow: