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.
On Friday, Xcel Energy, Inc. (NYSE:XEL)'s Director, Timothy V. Wolf, made a $111,920 buy of XEL, purchasing 4,000 shares at a cost of $27.98 each. Xcel Energy, Inc. is trading down about 0.4% on the day Monday.
And at Southwest Bancorp, Inc. (NASDAQ:OKSB), there was insider buying on Monday, by Director Russell William Teubner who purchased 6,500 shares at a cost of $12.54 each, for a trade totaling $81,481. Before this latest buy, Teubner bought OKSB at 2 other times during the past year, for a total investment of $121,390 at an average of $11.04 per share. Southwest Bancorp, Inc. is trading down about 0.7% on the day Monday. So far Teubner is in the green, up about 2.3% on their buy based on today's trading high of $12.82.
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.