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Grab This Bargain Even Cheaper Than Director Laberge Did

By Market News Video Staff, Monday, March 22, 10:03 AM ET
Play Video: One Reason For Insiders to Buy

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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 March 17, Mercer International Inc's Director, Alice Laberge, invested $15,000.00 into 1,000 shares of MERC, for a cost per share of $15.00. 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 Mercer International Inc (NASDAQ:MERC) and achieve a cost basis 6.9% cheaper than Laberge, with shares changing hands as low as $13.96 per share. Mercer International Inc shares are currently trading down about 0.3% on the day. The chart below shows the one year performance of MERC shares, versus its 200 day moving average:

Mercer International Inc Chart

Looking at the chart above, MERC's low point in its 52 week range is $5.77 per share, with $16.70 as the 52 week high point — that compares with a last trade of $14.30. By comparison, below is a table showing the prices at which MERC insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
11/05/2020 Alan C. Wallace Director 6,000 $6.74 $40,440.00
03/17/2021 Alice Laberge Director 1,000 $15.00 $15,000.00

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This Article's Word Cloud:   Alan   Alice   Back   Bargain   Bargains   Channel   Cheaper   Director   Dividend   Insider   Insiders   International   Laberge   Looking   MERC   March   Mercer   Monday   Newsletter   Offer   Premium   Price   Purchased   Receive   Share   Shares   Special   Start   Street   Than   There   about   below   buying   chart   cost   hunters   insider   last   only   point   reason   share   shares   stock   that   their   trading   week   with
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