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 cash to make a purchase, is that they expect to make money. Today we look at one noteworthy recent insider buy.
On Tuesday, Director A. Bray Cary Jr. bought $27,272 worth of EQT Corp (NYSE:EQT), buying 417 shares at a cost of $65.40 each. Before this latest buy, Cary Jr. bought EQT on 3 other occasions during the past twelve months, for a total investment of $68,190 at an average of $72.01 per share. EQT Corp is trading up about 1.6% on the day Thursday. Cary Jr. was up about 1.5% on the buy at the high point of today's trading session, with EQT trading as high as $66.41 at last check today.
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