As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
At Keurig Dr Pepper, a filing with the SEC revealed that on Monday, Chief Supply Chain Officer Maurice Anthony Milikin bought 12,979 shares of KDP, at a cost of $38.79 each, for a total investment of $503,455. Bargain hunters have the opportunity to bag KDP at a price even lower than Milikin did, with shares changing hands as low as $38.17 at last check today which is 1.6% under Milikin's purchase price. Keurig Dr Pepper is trading off about 0.4% on the day Wednesday. Before this latest buy, Milikin bought KDP on 8 other occasions during the past twelve months, for a total cost of $3.89M at an average of $37.42 per share.
And on Tuesday, CHAIRMAN AND CEO David A. Lorber purchased $163,981 worth of Phenixfin, purchasing 4,319 shares at a cost of $37.97 a piece. Before this latest buy, Lorber bought PFX at 5 other times during the past twelve months, for a total investment of $2.29M at an average of $41.09 per share. Phenixfin is trading up about 1% on the day Wednesday. Bargain hunters have the opportunity to grab PFX even cheaper than Lorber did, with shares changing hands as low as $37.40 at last check today -- that's 1.5% below Lorber's purchase price.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 9.5%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 9.5%.