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 Emerson Electric Co. (NYSE:EMR), a filing with the SEC revealed that on Thursday, Director August A. Busch III purchased 10,100 shares of EMR, at a cost of $49.30 each, for a total investment of $497,929. Bargain hunters can buy EMR even cheaper than Busch III did, with the stock changing hands as low as $48.15 in trading on Tuesday -- that's 2.3% below Busch III's purchase price. Emerson Electric Co. is trading off about 0.3% on the day Tuesday. Before this latest buy, Busch III made one other buy in the past twelve months, purchasing $997,233 shares at a cost of $44.01 a piece.
And on Friday, CEO John William Gibson bought $394,472 worth of ONEOK Partners LP (OKS), buying 7,000 shares at a cost of $56.35 each. ONEOK Partners LP is trading down about 1% on the day Tuesday.
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.