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 Enterprise Products Partners, a filing with the SEC revealed that on Thursday, Chief Executive Officer AJ Teague purchased 24,665 shares of EPD, for a cost of $24.54 each, for a total investment of $605,208. Enterprise Products Partners L.P. is trading up about 0.2% on the day Monday. Before this latest buy, Teague purchased EPD on 3 other occasions during the past twelve months, for a total cost of $996,428 at an average of $25.19 per share.
And at Document Security Systems, there was insider buying on Friday, by Director Joseph L. Sanders who purchased 400,000 shares for a cost of $0.75 each, for a total investment of $300,000. Document Security Systems is trading up about 0.8% on the day Monday. Sanders was up about 86.7% on the purchase at the high point of today's trading session, with DSS trading as high as $1.40 at last check today.
For MarketNewsVideo.com, I'm Sayoko Murase.