Wednesday 8/5 Insider Buying Report: MXWL, MUR Wednesday, August 5, 11:28 AM 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 two noteworthy recent insider buys.
At Maxwell Technologies (MXWL), a filing with the SEC revealed that on Monday, Chief Executive Officer Franz Fink purchased 150,000 shares of MXWL, for a cost of $4.48 each, for a total investment of $672,000. So far Fink is in the green, up about 8.3% on their purchase based on today's trading high of $4.85. Before this latest buy, Fink made one other purchase in the past twelve months, buying $146,630 shares for a cost of $7.33 each.
And also on Monday, CEO Roger W. Jenkins bought $485,400 worth of Murphy Oil (MUR), buying 15,000 shares at a cost of $32.36 each. This buy marks the first one filed by Jenkins in the past twelve months. Murphy Oil is trading up about 0.8% on the day Wednesday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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