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 Thursday, Phillips 66's Director, Gregory Hayes, made a $1.00M purchase of PSX, buying 10,250 shares at a cost of $97.75 each. Phillips 66 is trading off about 1.8% on the day Monday.
And at Advanced Emissions Solutions, there was insider buying on Wednesday, by Director Richard Campbell-breeden who purchased 52,742 shares at a cost of $4.00 each, for a total investment of $210,968. This buy marks the first one filed by Campbell-breeden in the past year. Advanced Emissions Solutions is trading up about 6.9% on the day Monday. Bargain hunters are able to buy ADES at a price even lower than Campbell-breeden did, with the stock changing hands as low as $3.05 in trading on Monday which is 23.8% under Campbell-breeden's purchase price.
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 8.3%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.3%.