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 Texas Pacific Land, a filing with the SEC revealed that on Thursday, Director Murray Stahl bought 25 shares of TPL, for a cost of $1460.07 each, for a total investment of $36,502. Stahl was up about 4.0% on the purchase at the high point of today's trading session, with TPL trading as high as $1518.00 in trading on Monday. Texas Pacific Land is trading up about 0.3% on the day Monday. Before this latest buy, Stahl bought TPL on 115 other occasions during the past twelve months, for a total investment of $5.24M at an average of $1319.19 per share.
And on Wednesday, Wendye Robbins bought $30,180 worth of RAPT Therapeutics, buying 1,000 shares at a cost of $30.18 a piece. Before this latest buy, Robbins purchased RAPT on 6 other occasions during the past twelve months, for a total investment of $118,952 at an average of $22.42 per share. RAPT Therapeutics is trading trading flat on the day Monday. Robbins was up about 13.0% on the buy at the high point of today's trading session, with RAPT trading as high as $34.10 in trading on Monday.
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