The Implied Analyst 12-Month Target For CZA Monday, July 17, 7:06 AM ET, by Market News Video Staff Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Notable Two Hundred Day Moving Average Cross - TDY Wednesday, July 19, 11:04 AM ET, by Market News Video Staff In trading on Wednesday, shares of Teledyne Technologies Inc (TDY) crossed below their 200 day ...
Top Buys by Top Brass: Executive Chairman Mehrabian's $3.7M Bet on TDY
By Market News Video Staff, Tuesday, February 2, 10:05 AM ET
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 $3.7M by Robert Mehrabian, Executive Chairman at Teledyne Technologies Inc (NYSE:TDY).
Mehrabian bets big on TDY:
Purchased
Insider
Title
Shares
Price/Share
Value
01/29/2021
Robert Mehrabian
Executive Chairman
10,000
$366.05
$3,660,462.00
Mehrabian's average cost works out to $366.05/share. Shares of Teledyne Technologies Inc were changing hands at $376.52 at last check, trading up about 0.8% on Tuesday. The chart below shows the one year performance of TDY shares, versus its 200 day moving average:
Looking at the chart above, TDY's low point in its 52 week range is $195.34 per share, with $398.68 as the 52 week high point — that compares with a last trade of $376.52.
This Article's Word Cloud:BetsBrassBuysChairmanDividendsExecutiveFreeInsiderInsidersLookingMehrabianNYSEPlacePresumablyPricePurchasedReportRobertShareSharesStartTechnologiesTeledyneTitleTuesdayValueaboutaboveaveragebelowbestbetsbothbuyschartcompanyinsiderlastmakemaybemdashpointsharestocktakethattheirtheyweekwith
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.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.