Relative Strength Alert For Biglari Holdings Monday, November 15, 12:15 PM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
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Top Buys by Directors: Biglari,'s $6.6M Bet on BH
By Market News Video Staff, Thursday, August 19, 1:05 PM ET
The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock 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 company directors over the trailing six month period, one of which was a total of $6.6M invested across 6 purchases by Sardar Biglari,, CEO at Biglari Holdings Inc (NYSE:BH).
Biglari, bets big on BH:
Purchased
Insider
Title
Shares
Price/Share
Value
03/08/2021
Sardar Biglari,
Chairman and CEO
2,269
$240.90
$546,609.09
03/11/2021
Sardar Biglari,
Chairman and CEO
275
$747.36
$205,524.00
06/02/2021
Sardar Biglari,
Chairman and CEO
719
$845.22
$607,715.80
06/08/2021
Sardar Biglari,
Chairman and CEO
1,775
$859.13
$1,524,948.05
06/16/2021
Sardar Biglari,
Chairman and CEO
148
$907.50
$134,309.67
08/12/2021
Sardar Biglari,
Chairman and CEO
14,555
$247.05
$3,595,866.34
Biglari,'s average cost works out to $335.09/share. In trading on Thursday, bargain hunters could buy shares of Biglari Holdings Inc (NYSE:BH) and achieve a cost basis lower than Biglari,, with shares changing hands as low as $167.04 per share. Shares of Biglari Holdings Inc were changing hands at $170.20 at last check, trading down about 1.7% on Thursday. The chart below shows the one year performance of BH shares, versus its 200 day moving average:
Looking at the chart above, BH's low point in its 52 week range is $81 per share, with $188.5002 as the 52 week high point — that compares with a last trade of $170.20.
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