Tuesday 1/23 Insider Buying Report: KMI, RNST
Tuesday, January 23, 10:33 AM ET
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 Monday, Kinder Morgan (KMI)'s Director, William A. Smith, made a $107,343 purchase of KMI, buying 5,500 shares at a cost of $19.52 each. Kinder Morgan is trading down about 1.1% on the day Tuesday. Before this latest buy, Smith made one other purchase in the past twelve months, buying $99,219 shares for a cost of $20.24 each.
And on Friday, Director Fred F. Sharpe purchased $87,600 worth of Renasant Corp (RNST), purchasing 2,000 shares at a cost of $43.80 each. Before this latest buy, Sharpe purchased RNST on 3 other occasions during the past twelve months, for a total investment of $333,190 at an average of $41.65 per share. Renasant Corp is trading off about 0.5% on the day Tuesday. Sharpe was up about 1.7% on the buy at the high point of today's trading session, with RNST trading as high as $44.55 at last check today.
For MarketNewsVideo.com, I'm Sayoko Murase.
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