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.
On Friday, Atlas Pipeline Partners LP (NYSE:APL)'s CEO, Eugene N. Dubay, made a $653,700 buy of APL, purchasing 20,000 shares at a cost of $32.69 each. Dubay was up about 1.9% on the purchase at the high point of today's trading session, with APL trading as high as $33.29 in trading on Wednesday. Atlas Pipeline Partners LP is trading off about 0.5% on the day Wednesday. This purchase marks the first one filed by Dubay in the past twelve months.
And on Tuesday, Director David D. Stevens bought $504,484 worth of Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX), buying 39,600 shares at a cost of $12.74 each. This purchase marks the first one filed by Stevens in the past twelve months. Allscripts Healthcare Solutions, Inc. is trading up about 3.8% on the day Wednesday. Stevens was up about 5.8% on the buy at the high point of today's trading session, with MDRX trading as high as $13.48 at last check today.
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.
Launch related slideshow:
Friday 5/24 Insider Buying Report: PMT, VOCS
Thursday 5/23 Insider Buying Report: MDT, WD
Thursday 5/23 Insider Buying Report: SREV, CYCC
Daily Wrap: May 23, 2013
Ralph Lauren and Perry Ellis Disappoint
Daily Wrap: May 22, 2013
Analyst Moves: BA, TOL, SPLS
Analyst Moves: STX, HOT, HPQ
Analyst Moves: NTAP, MDC, PXD
Friday Sector Leaders: Education & Training Services, Metals & Mining Stocks
Friday Sector Laggards: Auto Parts, Music & Electronics Stores
Thursday Sector Leaders: Apparel Stores, General Contractors & Builders
Friday's ETF Movers: ICLN, LIT
SLV, CHIM: Big ETF Outflows
IYR, SDP: Big ETF Inflows
Daily Dividend Report: TUP, HD, PCP, CBS, CME
Daily Dividend Report: TMO, AAP, HAS, AINV, HPQ
Daily Dividend Report: MCD, JCI, CTL, GPS, AVB
Midday Report: May 24, 2013
Initial Jobless Claims Fall
Initial Jobless Claims Jump by 32k
Weekly Market Wrap: May 17, 2013
Weekly Market Wrap: May 10, 2013
Weekly Market Wrap: May 3, 2013
Week Ahead Market Report: May 13, 2013
Week Ahead Market Report: May 6, 2013
Week Ahead Market Report: April 29, 2013