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Top Buys by Top Brass: CEO Ghasemi's $3.2M Bet on APD

By Market News Video Staff, Tuesday, November 13, 10:28 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 $3.2M by Seifi Ghasemi, CEO at Air Products & Chemicals Inc (NYSE:APD).

Ghasemi bets big on APD:

Purchased Insider Title Shares Price/Share Value
11/12/2018 Seifi Ghasemi Chairman, Pres. and CEO 20,000 $160.11 $3,202,200.00

Ghasemi's average cost works out to $160.11/share. In trading on Tuesday, bargain hunters could buy shares of Air Products & Chemicals Inc (NYSE:APD) and achieve a cost basis lower than Ghasemi, with shares changing hands as low as $157.88 per share. Shares of Air Products & Chemicals Inc were changing hands at $159.36 at last check, trading up about 1.1% on Tuesday. The chart below shows the one year performance of APD shares, versus its 200 day moving average:

Air Products & Chemicals Inc Chart

Looking at the chart above, APD's low point in its 52 week range is $148.44 per share, with $175.17 as the 52 week high point that compares with a last trade of $159.36.


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Top Buys by Top Brass: CEO Ghasemi's $3.2M Bet on APD | Market News Video | Copyright © 2008 - 2019, All Rights Reserved

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