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 two noteworthy recent insider buys.
At Western Refining Logistics LP (WNRL), a filing with the SEC revealed that on Monday, CEO Jeff A. Stevens purchased 138,057 shares of WNRL, at a cost of $21.73 each, for a total investment of $3M. Western Refining Logistics LP is trading down about 0.2% on the day Thursday. Before this latest buy, Stevens bought WNRL at 3 other times during the past year, for a total cost of $2.85M at an average of $24.22 per share.
And at IDI (IDI), there was insider buying on Wednesday, by Executive Chairman Michael Brauser who purchased 419,530 shares at a cost of $5.25 each, for a total investment of $2.20M. Before this latest buy, Brauser bought IDI on 14 other occasions during the past twelve months, for a total cost of $333,282 at an average of $5.33 per share. IDI is trading up about 2% on the day Thursday. Bargain hunters can buy IDI even cheaper than Brauser did, with the stock changing hands as low as $5.09 in trading on Thursday which is 3.0% under Brauser's purchase price.
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%.