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 two noteworthy recent insider buys.
At GMS, a filing with the SEC revealed that on Wednesday, Director Ronald R. Ross purchased 100,000 shares of GMS, at a cost of $15.63 each, for a total investment of $1.56M. GMS is trading up about 6.8% on the day Friday. This buy marks the first one filed by Ross in the past twelve months.
And at Tellurian, there was insider buying on Thursday, by Director Don A. Turkleson who bought 87,680 shares for a cost of $6.75 each, for a total investment of $591,840. This purchase marks the first one filed by Turkleson in the past twelve months. Tellurian is trading up about 2.4% on the day Friday. Turkleson was up about 7.6% on the purchase at the high point of today's trading session, with TELL trading as high as $7.26 in trading on Friday.
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.