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.
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 TSRI, a filing with the SEC revealed that on Friday, Director Bradley M.
Tirpak purchased 7,758 shares of TSRI, for a cost of $6.41 each, for a total investment of $49,758.
Tirpak was up about 14.1% on the purchase at the high point of today's trading session, with TSRI trading as high as $7.32 at last check today.
TSR Inc is trading up about 3% on the day Monday.
This purchase marks the first one filed by Tirpak in the past year.
And on Wednesday, Director Phillip David Bairrington purchased $43,437 worth of Phillips 66 Partners, purchasing 1,445 shares at a cost of $30.06 a piece.
Before this latest buy, Bairrington purchased PSXP at 2 other times during the past twelve months, for a total investment of $813,036 at an average of $27.10 per share.
Phillips 66 Partners is trading up about 0.7% on the day Monday.
Bargain hunters have the opportunity to pick up PSXP even cheaper than Bairrington did, with shares trading as low as $28.56 in trading on Monday -- that's 5.0% under Bairrington's purchase price.