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.
At NIKE, Inc (NYSE:NKE), a filing with the SEC revealed that on Tuesday, Director John C. Lechleiter bought 500 shares of NKE, at a cost of $108.41 each, for a total investment of $54,205. Investors can grab NKE at a price even lower than Lechleiter did, with the stock changing hands as low as $106.30 at last check today which is 1.9% under Lechleiter's purchase price. NIKE, Inc is trading off about 0.4% on the day Thursday.
And on Monday, CEO Michael R. Starzer purchased $20,249 worth of Bonanza Creek Energy, Inc. (NYSE:BCEI), purchasing 1,000 shares at a cost of $20.25 a piece. Before this latest buy, Starzer purchased BCEI on 2 other occasions during the past twelve months, for a total cost of $70,860 at an average of $14.17 per share. Bonanza Creek Energy, Inc. is trading off about 3% on the day Thursday. Starzer was up about 4.7% on the buy at the high point of today's trading session, with BCEI trading as high as $21.21 at last check today.
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.
VF is an awesome community of bright, serious, passionate
Launch related slideshow:
Friday 5/17 Insider Buying Report: CONE, ERII
Friday 5/17 Insider Buying Report: WFR, VSTM
Thursday 5/16 Insider Buying Report: SIX, MRIN
Daily Wrap: May 17, 2013
Donaldson Shares Slip On Lowered Guidance
Daily Wrap: May 16, 2013
Analyst Moves: AMAT, ARUN, DE
Analyst Moves: NOC, GM, GILD
Analyst Moves: WSM, LTD, ADSK
Friday Sector Leaders: Education & Training Services, Auto Parts
Friday Sector Laggards: Precious Metals, Rental, Royalty Trusts
Thursday Sector Leaders: Shipping, Education & Training Services
Friday's ETF with Unusual Volume: IYK
Friday's ETF Movers: PSCM, PSAU
HYG, RUSS: Big ETF Outflows
Daily Dividend Report: AET, DV, RWT, BGS, WMB
Daily Dividend Report: SYY, VTR, HIG, ESS, XEC
Daily Dividend Report: COH, STT, WDC, KSS, DPS
Initial Jobless Claims Jump by 32k
Jobless Claims Fall to Five Year Low
Hiring Picture Improves In April
Weekly Market Wrap: May 17, 2013
Weekly Market Wrap: May 10, 2013
Weekly Market Wrap: May 3, 2013
Week Ahead Market Report: May 13, 2013
Week Ahead Market Report: May 6, 2013
Week Ahead Market Report: April 29, 2013