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 MGM Resorts International (NYSE:MGM), a filing with the SEC revealed that on Thursday, Director Keith A. Meister purchased 338,374 shares of MGM, for a cost of $27.84 each, for a total investment of $9.42M. MGM Resorts International is trading up about 2.8% on the day Monday. Before this latest buy, Meister purchased MGM at 3 other times during the past twelve months, for a total investment of $104.89M at an average of $26.60 per share.
And on Wednesday, Director Bernard Lanigan Jr. bought $250,019 worth of CNX Resources Corp (NYSE:CNX), buying 34,150 shares at a cost of $7.32 a piece. Before this latest buy, Lanigan Jr. purchased CNX at 4 other times during the past twelve months, for a total cost of $3.19M at an average of $8.68 per share. CNX Resources Corp is trading up about 1.3% on the day Monday.
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 9.5%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 9.5%.