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.
On Friday, CNX Resources' Director, Bernard Lanigan Jr., made a $1.28M purchase of CNX, buying 200,000 shares at a cost of $6.39 a piece. So far Lanigan Jr. is in the green, up about 5.2% on their purchase based on today's trading high of $6.72. CNX Resources is trading up about 0.4% on the day Monday. Before this latest buy, Lanigan Jr. purchased CNX on 6 other occasions during the past twelve months, for a total cost of $3.69M at an average of $8.43 per share.
And at Brown & Brown, there was insider buying on Thursday, by Director H. Palmer Proctor Jr. who bought 5,000 shares for a cost of $35.96 each, for a total investment of $179,806. This buy marks the first one filed by Proctor Jr. in the past year. Brown & Brown is trading up about 0.7% on the day Monday. So far Proctor Jr. is in the green, up about 2.1% on their buy based on today's trading high of $36.71.
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%.
ValueForum will expose you to a wealth of ideas and sectors,
Free Email Alerts By Stock:
Launch related slideshow:
Thursday 5/2 Insider Buying Report: EXFY, ORI
Thursday 5/2 Insider Buying Report: CECO, AXR
Wednesday 5/1 Insider Buying Report: CLF, HWBK
Nasdaq 100 Movers: DASH, QCOM
S&P 500 Movers: ETSY, HWM
Dow Movers: MMM, AAPL
S&P 500 Analyst Moves: AMT
S&P 500 Analyst Moves: SPGI
Dow Analyst Moves: DOW
Thursday Sector Laggards: Consumer Services, Defense Stocks
Thursday Sector Leaders: Education & Training Services, Transportation Services
Wednesday Sector Laggards: Music & Electronics Stores, Semiconductors
Thursday's ETF with Unusual Volume: IEDI
Thursday's ETF Movers: CQQQ, IYM
SPXS, PRMN: Big ETF Outflows
Daily Dividend Report: CNQ,AIG,APH,UPS,ICE
Daily Dividend Report: WFC,BDX,PCAR,KHC,PEP
Daily Dividend Report: IBM,WMB,HON,LIN,GPC
Fed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
Weekly Market Wrap: August 14, 2015
Weekly Market Wrap: August 7, 2015
Weekly Market Wrap: July 31, 2015
Week Ahead Market Report: June 8, 2015
Week Ahead Market Report: May 18, 2015
Week Ahead Market Report: May 4, 2015