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Thursday 9/24 Insider Buying Report: CBFV, MGY
Thursday, September 24, 1:33 PM ET

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.

At CB Financial Services, a filing with the SEC revealed that on Wednesday, Director John J. Lacarte purchased 23,758 shares of CBFV, at a cost of $19.00 each, for a total investment of $451,283. Investors can bag CBFV at a price even lower than Lacarte did, with the stock trading as low as $17.85 at last check today which is 6.0% under Lacarte's purchase price. CB Financial Services is trading off about 1% on the day Thursday. Before this latest buy, Lacarte bought CBFV on 6 other occasions during the past twelve months, for a total investment of $630,421 at an average of $19.04 per share.

And at Magnolia Oil & Gas, there was insider buying on Tuesday, by CEO Stephen I. Chazen who bought 35,000 shares at a cost of $5.59 each, for a total investment of $195,748. Before this latest buy, Chazen bought MGY at 3 other times during the past twelve months, for a total investment of $2.00M at an average of $7.25 per share. Magnolia Oil & Gas is trading up about 5.9% on the day Thursday. Investors can buy MGY at a price even lower than Chazen did, with shares trading as low as $5.13 in trading on Thursday -- that's 8.3% under Chazen's purchase price.

For MarketNewsVideo.com, I'm Sayoko Murase.

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Thursday 9/24 Insider Buying Report: CBFV, MGY  NOW PLAYING
Thursday 9/24 Insider Buying Report: CBFV, MGY
Thursday, September 24, 1:33 PM ET
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Thursday 9/24 Insider Buying Report: CBFV, MGY | Market News Video | Copyright © 2008 - 2020, All Rights Reserved

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