Friday 12/19 Insider Buying Report: TEP Friday, December 19, 12:48 PM ET
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 one noteworthy recent insider buy.
At Tallgrass Energy Partners, LP (TEP), there was insider buying on Monday, by CEO David G. Dehaemers Jr. who bought 10,000 shares at a cost of $37.39 each, for a trade totaling $373,900. Before this latest buy, Dehaemers Jr. bought TEP at 9 other times during the past year, for a total investment of $1.65M at an average of $38.79 per share. Tallgrass Energy Partners, LP is trading down about 1.5% on the day Friday. Dehaemers Jr. was up about 10.4% on the purchase at the high point of today's trading session, with TEP trading as high as $41.28 in trading on Friday.
For MarketNewsVideo.com, I'm Kristin Bianco.
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