Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Continental Resources (CLR), a filing with the SEC revealed that on Wednesday, Director William B. Berry purchased 15,000 shares of CLR, for a cost of $40.20 each, for a total investment of $603,057. Investors can snag CLR at a price even lower than Berry did, with shares changing hands as low as $38.16 at last check today which is 5.1% below Berry's purchase price. Continental Resources is trading down about 0.7% on the day Friday. This buy marks the first one filed by Berry in the past year.
And at Owens Corning (NYSE:OC), there was insider buying on Thursday, by Director J. Brian Ferguson who purchased 8,400 shares for a cost of $35.82 each, for a trade totaling $300,888. Owens Corning is trading up about 1.3% on the day Friday. So far Ferguson is in the green, up about 3.7% on their buy based on today's trading high of $37.16.
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 9.5%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 9.5%.