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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Terreno Realty (NYSE:TRNO), a filing with the SEC revealed that on Friday, CHAIRMAN AND CEO W. Blake Baird purchased 60,000 shares of TRNO, at a cost of $16.60 each, for a total investment of $996,000. Baird was up about 8.1% on the buy at the high point of today's trading session, with TRNO trading as high as $17.94 at last check today. Terreno Realty Corp is trading up about 2.5% on the day Monday. Before this latest buy, Baird made one other purchase in the past twelve months, buying $5,572 shares for a cost of $13.93 each.
And also on Friday, CFO James R. Vanwinkle bought $116,300 worth of Ferrellgas Partners (NYSE:FGP), buying 10,000 shares at a cost of $11.63 a piece. Before this latest buy, Vanwinkle made one other buy in the past twelve months, purchasing $116,300 shares at a cost of $11.63 a piece. Ferrellgas Partners, L.P. is trading up about 1.1% on the day Monday. Vanwinkle was up about 74.1% on the buy at the high point of today's trading session, with FGP trading as high as $20.25 at last check today.
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