MNV
Market News Video
MNV MNV 10 Stocks Crossing Above Their 200 Day Moving Average
MNV
MNV
MNV
MNV
MNV
MNV
MNV
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

TSCO Crosses Above Key Moving Average Level
Thursday, April 26, 11:44 AM ET, by Market News Video Staff

In trading on Thursday, shares of Tractor Supply Co. (TSCO) crossed above their 200 day ...

AAON Becomes Oversold
Thursday, May 3, 12:07 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Bullish Two Hundred Day Moving Average Cross - JEC
Tuesday, May 8, 11:22 AM ET, by Market News Video Staff

In trading on Tuesday, shares of Jacobs Engineering Group, Inc. (JEC) crossed above their 200 ...

Short Interest Plummets 51.5% For AGX
Wednesday, May 9, 6:35 AM ET, by Market News Video Staff

The most recent short interest data has been released for the 04/13/2018 settlement date, which ...

Oversold Conditions For Beacon Roofing Supply (BECN)
Wednesday, May 9, 12:03 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Bag This Deal Even Lower Than Director Jeffrey Jr. Did

By Market News Video Staff, Tuesday, January 2, 10:01 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 December 11, Argan Inc's Director, John Ronald Jeffrey Jr., invested $47,600.00 into 1,000 shares of AGX, for a cost per share of $47.60. 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 Tuesday, bargain hunters could buy shares of Argan Inc (NYSE:AGX) and achieve a cost basis 4.7% cheaper than Jeffrey Jr., with shares changing hands as low as $45.38 per share. Argan Inc shares are currently trading up about 1.5% on the day. The chart below shows the one year performance of AGX shares, versus its 200 day moving average:

Argan Inc Chart

Looking at the chart above, AGX's low point in its 52 week range is $41.79 per share, with $76.70 as the 52 week high point that compares with a last trade of $45.80. By comparison, below is a table showing the prices at which AGX insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
09/19/2017 John Ronald Jeffrey Jr. Director 1,500 $62.49 $93,735.00
10/20/2017 John Ronald Jeffrey Jr. Director 1,000 $68.02 $68,020.00
12/11/2017 John Ronald Jeffrey Jr. Director 1,000 $47.60 $47,600.00

According to the ETF Finder at ETF Channel, AGX makes up 1.97% of the PowerShares Dynamic Building & Construction Portfolio ETF (NYSE:PKB) which is trading up by about 0.2% on the day Tuesday.

See what other ETFs contain AGX
See what other stocks are held by PKB


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


This Article's Word Cloud:   According   Argan   Back   Bargain   Bargains   Building   Channel   Cheaper   Construction   December   Director   Dividend   Dynamic   ETFs   Finder   Insider   Insiders   Jeffrey   John   Looking   NYSE   Newsletter   Offer   Portfolio   PowerShares   Premium   Ronald   Tuesday   about   below   buying   chart   cost   hunters   insider   last   only   other   point   reason   share   shares   stock   that   their   trading   week   what   which   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

Bag This Deal Even Lower Than Director Jeffrey Jr. Did | Market News Video | Copyright © 2008 - 2018, 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.