Sum Up The Parts: DGRS Could Be Worth $48 Thursday, April 20, 7:20 AM ET, by Market News Video Staff Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Surprising Analyst 12-Month Target For DGRS Wednesday, May 24, 6:53 AM ET, by Market News Video Staff Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
TPB Ex-Dividend Reminder - 6/15/23 Tuesday, June 13, 11:17 AM ET, by Market News Video Staff On 6/15/23, Turning Point Brands Inc (TPB) will trade ex-dividend, for its quarterly dividend of ...
The Math Shows DES Can Go To $33 Thursday, June 29, 8:21 AM ET, by Market News Video Staff Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Bargain Hunters Take Note: Insider Cluster-Buying At TPB
By Market News Video Staff, Friday, October 29, 5:27 PM ET
A particularly strong insider buying signal is what we call a "cluster-buy" where three or more different insiders make open market purchases within a short period of one another. At Turning Point Brands Inc (NYSE:TPB), 4 different insiders purchased 3,650 shares at an average price of $38.05/share, for a total of $138,893, with the most recent purchase on October 28, 2021.
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. So when multiple insiders all decide to make purchases around the same time, it could be a strong indication that the stock is undervalued. Below is a table summarizing the insider buys that make up this "cluster":
Purchased
Insider
Title
Shares
Price/Share
Value
10/28/2021
Brittani Cushman
Sr VP, General Counsel
500
$38.22
$19,108.10
10/28/2021
Luis Reformina
Sr VP, CFO
650
$37.97
$24,680.50
10/28/2021
Graham Purdy
Chief Operating Officer
1,000
$38.18
$38,180.00
10/28/2021
Lawrence Wexler
President and CEO
1,500
$37.95
$56,924.85
The chart below shows the one year performance of TPB shares, versus its 200 day moving average. Note that TPB's low point in its 52 week range is $35.60 per share, with $61.08 as the 52 week high point — that compares with a last trade of $38.34, with shares currently trading up about 2.1% on the day.
This Article's Word Cloud:BargainsBelowBrandsBrittaniChannelCheaperChiefCounselCushmanDividendGeneralGrahamInsiderInsidersLawrenceLuisNYSENewsletterNoteOctoberOfferOfficerOperatingPointPremiumPresidentPresumablyPricePurchasedPurdyReceiveReforminaaverageclusterdifferentinsiderinsidersmakemarketopenpointpurchasessharesharesstockstrongthattheirweekwith
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%.
Play Video:
The Importance of Insider Buying
Free Email Alerts By Stock:
Start slideshow: