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Monday 4/16 Insider Buying Report: GBX, EVEP
Monday, April 16, 1:27 PM ET

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.

On Thursday, Greenbrier Companies Inc (NYSE:GBX)'s Director, C. Bruce Ward, made a $142,049 buy of GBX, purchasing 7,700 shares at a cost of $18.45 a piece. Greenbrier Companies Inc is trading up about 2.3% on the day Monday. Before this latest buy, Ward made one other purchase in the past year, buying $309,240 shares for a cost of $17.88 a piece.

And also on Thursday, Executive Chairman of the Board John B. Walker bought $128,420 worth of EV Energy Partners LP (NASDAQ:EVEP), buying 2,000 shares at a cost of $64.21 each. EV Energy Partners LP is trading down about 1.2% on the day Monday.

For MarketNewsVideo.com, I'm Tracey Fitzpatrick.

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