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 Eastern (NASDAQ:EML), a filing with the SEC revealed that on Friday, Director Frederick D. Disanto bought 35,097 shares of EML, at a cost of $25.90 each, for a total investment of $909,012. So far Disanto is in the green, up about 13.9% on their purchase based on today's trading high of $29.50. Eastern Co. is trading up about 1.2% on the day Wednesday. Before this latest buy, Disanto made one other buy in the past twelve months, purchasing $32,714 shares at a cost of $16.36 a piece.
And at NuStar Energy LP (NYSE:NS), there was insider buying on Friday, by Director William Grady Rosier who purchased 5,000 shares for a cost of $46.40 each, for a trade totaling $231,992. Before this latest buy, Rosier made one other buy in the past year, purchasing $9,965 shares for a cost of $46.35 a piece. NuStar Energy LP is trading up about 0.5% on the day Wednesday. So far Rosier is in the green, up about 1.8% on their purchase based on today's trading high of $47.23.
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%.