Friday 9/23 Insider Buying Report: HDS, NBLX Friday, September 23, 10:33 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.
On Thursday, HD Supply Holdings (HDS)'s CEO, Joseph J. Deangelo, made a $997,398 buy of HDS, purchasing 32,100 shares at a cost of $31.07 a piece. So far Deangelo is in the green, up about 3.1% on their purchase based on today's trading high of $32.02. HD Supply Holdings is trading up about 1.8% on the day Friday.
And on Tuesday, Director Kenneth M. Fisher purchased $281,250 worth of Noble Midstream Partners LP (NBLX), purchasing 12,500 shares at a cost of $22.50 a piece. Noble Midstream Partners LP is trading up about 1.6% on the day Friday. So far Fisher is in the green, up about 21.0% on their purchase based on today's trading high of $27.22.
For MarketNewsVideo.com, I'm Sayoko Murase.
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