MNV
Market News Video
MNV MNV The 10 Most Popular Large-Caps in ETFs
MNV
MNV
MNV
MNV
MNV
MNV
MNV
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Notable Friday Option Activity: MU, FLS, GALT
Friday, February 14, 3:16 PM ET, by Market News Video Staff

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...

Look Under The Hood: RSP Has 10% Upside
Tuesday, February 25, 8:58 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Flowserve Cop (FLS) Shares Cross 2% Yield Mark
Friday, February 28, 3:17 PM ET, by Market News Video Staff

In trading on Friday, shares of Flowserve Corp (FLS) were yielding above the 2% mark ...

Grab This Deal Even Lower Than Director Chand Did
Monday, March 2, 10:04 AM ET, by Market News Video Staff

There's an old saying on Wall Street about insider buying: there are many possible reasons ...

Spirit AeroSystems Holdings Moves Up In Market Cap Rank, Passing Flowserve
Monday, March 2, 4:39 PM ET, by Market News Video Staff

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Spirit ...

Grab This Deal Even Lower Than Director Chand Did

By Market News Video Staff, Monday, March 2, 10:04 AM ET
Play Video: One Reason For Insiders to Buy


If the video does not load after a few moments, Upgrade to the Latest Flash Player.

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on February 24, Flowserve Corp's Director, Sujeet Chand, invested $43,879.00 into 1,000 shares of FLS, for a cost per share of $43.88. Bargain hunters tend to pay particular attention to insider buys like this one, because 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.

In trading on Monday, bargain hunters could buy shares of Flowserve Corp (NYSE:FLS) and achieve a cost basis 9.0% cheaper than Chand, with shares changing hands as low as $39.91 per share. Flowserve Corp shares are currently trading down about 0.3% on the day. The chart below shows the one year performance of FLS shares, versus its 200 day moving average:

Flowserve Corp Chart

Looking at the chart above, FLS's low point in its 52 week range is $38.7392 per share, with $54.16 as the 52 week high point — that compares with a last trade of $40.27. By comparison, below is a table showing the prices at which FLS insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
02/24/2020 Sujeet Chand Director 1,000 $43.88 $43,879.00

Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter


This Article's Word Cloud:   Back   Bargain   Bargains   Chand   Channel   Cheaper   Corp   Director   Dividend   February   Flowserve   Insider   Insiders   Looking   Monday   NYSE   Newsletter   Offer   Premium   Price   Purchased   Receive   Share   Shares   Special   Start   Street   Sujeet   Than   There   Title   about   below   buying   chart   cost   hunters   insider   last   only   point   reason   share   shares   stock   that   their   trading   week   with
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy
MNV
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV
MNV MNV Stock Message Boards Stock Market Definitions
MNV

Grab This Deal Even Lower Than Director Chand Did | Market News Video | Copyright © 2008 - 2020, All Rights Reserved

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.