Tuesday 2/21 Insider Buying Report: NPO, PZZITuesday, February 21, 12:49 PM ET
As the saying goes, there are many possible reasons for an insider to sell a
stock, but only one reason to buy -- they expect to make money. So let's
look at two noteworthy recent insider buys.
On Friday, EnPro Industries Inc (NYSE:NPO )'s Director, B. Bernard Burns Jr., made
a $75,195 buy of NPO, purchasing 2,000 shares at a cost of $37.60 a piece.
Burns Jr. was up about 3.5% on the buy at the high point of today's trading
session, with NPO trading as high as $38.90 at last check today. EnPro
Industries Inc is trading up about 2.4% on the day Tuesday. This buy marks
the first one filed by Burns Jr. in the past year.
And at Pizza Inn Holdings Inc. (NASDAQ:PZZI ), there was insider buying on Thursday,
by Chief Financial Officer Jerome L. Trojan III who bought 12,500 shares for
a cost of $4.81 each, for a total investment of $60,087. This purchase
marks the first one filed by Trojan III in the past year. Pizza Inn
Holdings Inc. is trading down about 0.9% on the day Tuesday. Bargain
hunters can grab PZZI at a price even lower than Trojan III did, with shares
changing hands as low as $4.45 in trading on Tuesday which is 7.4% below
Trojan III's purchase price.
For MarketNewsVideo.com, I'm Sayoko Murase.
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