Wednesday 3/21 Insider Buying Report: NGL
Wednesday, March 21, 10:31 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 one noteworthy recent insider buy.
At NGL Energy Partners LP (NGL), there was insider buying on Friday, by Chief Executive Officer H. Michael Krimbill who bought 30,000 shares for a cost of $11.22 each, for a trade totaling $336,747. Before this latest buy, Krimbill made one other buy in the past twelve months, purchasing $664,762 shares at a cost of $8.86 a piece. NGL Energy Partners LP is trading off about 1.8% on the day Wednesday. Bargain hunters have the opportunity to snag NGL even cheaper than Krimbill did, with the stock changing hands as low as $10.75 at last check today which is 4.2% under Krimbill's purchase price.
For MarketNewsVideo.com, I'm Sayoko Murase.
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