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 FMC, a filing with the SEC revealed that on Monday, Director Carol Anthony Davidson purchased 1,500 shares of FMC, for a cost of $93.89 each, for a total investment of $140,836. Investors are able to bag FMC at a price even lower than Davidson did, with shares trading as low as $92.80 in trading on Tuesday which is 1.2% under Davidson's purchase price. FMC is trading up about 0.5% on the day Tuesday.
And on Thursday, See Remarks Brendan E. Krueger purchased $139,900 worth of Antero Midstream, purchasing 15,000 shares at a cost of $9.33 a piece. This purchase marks the first one filed by Krueger in the past twelve months. Antero Midstream is trading up about 1.1% on the day Tuesday. Krueger was up about 4.1% on the purchase at the high point of today's trading session, with AM trading as high as $9.71 in trading on Tuesday.
For MarketNewsVideo.com, I'm Sayoko Murase.