Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Mid-Con Energy Partners (NASDAQ:MCEP), a filing with the SEC revealed that on Tuesday, Director Robert W. Berry purchased 2,000 shares of MCEP, for a cost of $21.23 each, for a total investment of $42,456. So far Berry is in the green, up about 4.8% on their buy based on today's trading high of $22.25. Mid-Con Energy Partners LP is trading up about 1.7% on the day Friday. This buy marks the first one filed by Berry in the past year.
And at Alcoa, Inc. (NYSE:AA), there was insider buying on Monday, by Director Martin Sorrell who bought 1,848 shares at a cost of $9.85 each, for a total investment of $18,197. Alcoa, Inc. is trading up about 0.6% on the day Friday.
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.
ValueForum has been the most valuable tool I have ever come
Launch related slideshow:
Tuesday 7/29 Insider Buying Report: CPSS, TWI
Tuesday 7/29 Insider Buying Report: T, CLB
Monday 7/28 Insider Buying Report: QDEL, HAFC
S&P 500 Movers: GLW, WIN
Nasdaq 100 Movers: VIP, WYNN
Dow Movers: UNH, T
S&P 500 Analyst Moves: MCK
S&P 500 Analyst Moves: HON
S&P 500 Analyst Moves: NWL
Tuesday Sector Leaders: Biotechnology, Metals Fabrication & Products
Tuesday Sector Laggards: Shipping, Rubber & Plastics
Monday Sector Leaders: Electric Utilities, Department Stores
Tuesday's ETF with Unusual Volume: VDC
Tuesday's ETF Movers: IYZ, GDXJ
TLT, FKO: Big ETF Outflows
Daily Dividend Report: IBM, EXC, WYNN, ENR, CLF, VLO, CR, DK
Daily Dividend Report: K, WWE, AMGN, ETR, AVY, RBC
Daily Dividend Report: DAL, CP, CMCSA, HON, NEE, TWC, SCHW, AA, NE, MAC, TAP
Fed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
Weekly Market Wrap: July 25, 2014
Weekly Market Wrap: July 18, 2014
Weekly Market Wrap: July 11, 2014
Week Ahead Market Report: July 28, 2014
Week Ahead Market Report: July 21, 2014
Week Ahead Market Report: July 14, 2014