As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at one noteworthy recent insider buy.
On Monday, Richard A. Freeman purchased $371,750 worth of Clearbridge American Energy MLP (CBA), purchasing 25,000 shares at a cost of $14.87 each. Before this latest buy, Freeman made one other buy in the past twelve months, purchasing $308,200 shares at a cost of $15.41 each. Clearbridge American Energy MLP is trading up about 0.5% on the day Thursday. So far Freeman is in the green, up about 0.8% on their purchase based on today's trading high of $14.99.
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.