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 Monday, Brixmor Property Group (NYSE:BRX)'s Director, Anthony W. Deering, made a $495,248 buy of BRX, purchasing 24,750 shares at a cost of $20.01 a piece. So far Deering is in the green, up about 1.6% on their buy based on today's trading high of $20.33. This buy marks the first one filed by Deering in the past twelve months.
And at Occidental Petroleum (NYSE:OXY), there was insider buying on Monday, by Director Carlos M. Gutierrez who bought 5,000 shares for a cost of $91.32 each, for a trade totaling $456,614. This buy marks the first one filed by Gutierrez in the past twelve months. Occidental Petroleum is trading down about 0.2% on the day Thursday.
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.