Monday 3/9 Insider Buying Report: TPC, CSX
Monday, March 9, 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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Friday, Tutor Perini's Director, Peter Arkley, made a $1.82M buy of TPC, purchasing 25,000 shares at a cost of $72.96 each. Tutor Perini is trading off about 2.3% on the day Monday. Before this latest buy, Arkley made one other purchase in the past twelve months, buying $2.56M shares for a cost of $64.12 each.
And at CSX, there was insider buying on Friday, by CEO Stephen F. Angel who purchased 25,000 shares at a cost of $40.27 each, for a trade totaling $1.01M. Before this latest buy, Angel made one other purchase in the past year, buying $2.03M shares at a cost of $36.87 a piece. CSX is trading down about 1% on the day Monday. Bargain hunters have the opportunity to buy CSX at a price even lower than Angel did, with shares trading as low as $39.34 in trading on Monday -- that's 2.3% below Angel's purchase price.
For MarketNewsVideo.com, I'm Sayoko Murase.
|
Free Email Alerts By Stock:
Launch related slideshow:
Friday 4/10 Insider Buying Report: CNXC, ALT
Friday 4/10 Insider Buying Report: LW, CNM
Thursday 4/9 Insider Buying Report: CMTV, MKZR
S&P 500 Analyst Moves: AMAT
S&P 500 Analyst Moves: TRMB
Dow Analyst Moves: CSCO
Thursday Sector Leaders: Apparel Stores, Railroads
Thursday Sector Laggards: Application Software, Information Technology Services
Tuesday Sector Laggards: General Contractors & Builders, Paper & Forest Products
Nasdaq 100 Movers: DDOG, MRVL
S&P 500 Movers: NOW, TPL
Dow Movers: CRM, AMZN
Daily Dividend Report: DOW, AZZ, NWN, UVE, ADC
Daily Dividend Report: MKC,AGNC,LEN,ADP,EPD
Daily Dividend Report: LEVI, CAT, EFC, PXED, EARN
