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Top Buys by Top Brass: CEO Torbeck's $100.8K Bet on CBB

By Market News Video Staff, Monday, March 7, 10:33 AM ET
Play Video: One Reason For Insiders to Buy

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A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $100.8K by Theodore H. Torbeck, CEO at Cincinnati Bell Inc (NYSE:CBB).

Torbeck bets big on CBB:

Purchased Insider Title Shares Price/Share Value
02/22/2016 Theodore H. Torbeck President & CEO 33,033 $3.05 $100,750.65

Torbeck's average cost works out to $3.05/share. Shares of Cincinnati Bell Inc were changing hands at $3.61 at last check, trading trading flat on Monday. The chart below shows the one year performance of CBB shares, versus its 200 day moving average:

Cincinnati Bell Inc Chart

Looking at the chart above, CBB's low point in its 52 week range is $2.80 per share, with $4.16 as the 52 week high point that compares with a last trade of $3.61.

According to the ETF Finder at ETF Channel, CBB makes up 2.68% of the iShares U.S. Telecommunications ETF (AMEX:IYZ) which is trading higher by about 0.1% on the day Monday.

See what other ETFs contain CBB
See what other stocks are held by IYZ

Special Offer: Find out how Dave Moenning is trading around the most recent insider transactions with a free 30 day trial offer from Forbes.

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