Wednesday 2/19 Insider Buying Report: JBHT, MRP Wednesday, February 19, 10:38 AM ET
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 J.B. Hunt Transport Services, a filing with the SEC revealed that on Friday, James L. Robo bought 59,447 shares of JBHT, at a cost of $168.21 each, for a total investment of $10M. Robo was up about 2.5% on the purchase at the high point of today's trading session, with JBHT trading as high as $172.42 in trading on Wednesday. J.B. Hunt Transport Services, is trading off about 2.5% on the day Wednesday.
And also on Friday, Darren Richman bought $6.00M worth of Millrose Properties, buying 265,000 shares at a cost of $22.65 each. This buy marks the first one filed by Richman in the past year. Millrose Properties is trading up about 1.6% on the day Wednesday. Richman was up about 5.9% on the buy at the high point of today's trading session, with MRP trading as high as $23.99 at last check today.
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