Barnes Group Reaches Analyst Target Price Monday, May 1, 9:11 AM ET, by Market News Video Staff In recent trading, shares of Barnes Group Inc. (B) have crossed above the average analyst ...
B Crosses Above Average Analyst Target Thursday, June 8, 7:50 AM ET, by Market News Video Staff In recent trading, shares of Barnes Group Inc. (B) have crossed above the average analyst ...
Barnes Group Reaches Analyst Target Price Thursday, July 20, 8:59 AM ET, by Market News Video Staff In recent trading, shares of Barnes Group Inc. (B) have crossed above the average analyst ...
B Crosses Below Key Moving Average Level Friday, July 28, 5:02 PM ET, by Market News Video Staff In trading on Friday, shares of Barnes Group Inc. (B) crossed below their 200 day ...
Snatch This Deal Even Lower Than Director Mangum Did
By Market News Video Staff, Thursday, September 16, 11:12 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 September 10, Barnes Group Inc.'s Director, Mylle H. Mangum, invested $2,128.61 into 47 shares of B, for a cost per share of $45.73. 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 Thursday, bargain hunters could buy shares of Barnes Group Inc. (NYSE:B) and achieve a cost basis 3.0% cheaper than Mangum, with shares changing hands as low as $44.37 per share. Barnes Group Inc. shares are currently trading down about 1.8% on the day. The chart below shows the one year performance of B shares, versus its 200 day moving average:
Looking at the chart above, B's low point in its 52 week range is $33.99 per share, with $57.64 as the 52 week high point — that compares with a last trade of $44.14. By comparison, below is a table showing the prices at which B insider buying was recorded over the last six months:
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