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Friday 12/13 Insider Buying Report: JXN, APA
Friday, December 13, 1:52 PM 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 Jackson Financial, a filing with the SEC revealed that on Wednesday, Director Gregory T. Durant purchased 1,500 shares of JXN, at a cost of $90.28 each, for a total investment of $135,420. Durant was up about 3.8% on the buy at the high point of today's trading session, with JXN trading as high as $93.68 in trading on Friday. Jackson Financial is trading off about 0.5% on the day Friday.

And on Thursday, Director Juliet S. Ellis bought $100,027 worth of APA, buying 4,391 shares at a cost of $22.78 each. This buy marks the first one filed by Ellis in the past year. APA is trading up about 0.2% on the day Friday.

For MarketNewsVideo.com, I'm Sayoko Murase.

Friday 12/13 Insider Buying Report: JXN, APA picture
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