News Column

Thursday 8/21 Insider Buying Report: SE, CRR

August 21, 2014

MarketNewsVideo.com



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 Spectra Energy (SE), a filing with the SEC revealed that on Monday, CEO Gregory L. Ebel bought 6,200 shares of SE, for a cost of $40.42 each, for a total investment of $250,590. So far Ebel is in the green, up about 1.9% on their buy based on today's trading high of $41.20. Spectra Energy is trading up about 0.9% on the day Thursday. This buy marks the first one filed by Ebel in the past twelve months.

And at Carbo Ceramics (CRR), there was insider buying on Monday, by Vice President Don P. Conkle who bought 1,960 shares for a cost of $107.61 each, for a total investment of $210,916. This purchase marks the first one filed by Conkle in the past year. Carbo Ceramics is trading off about 0.7% on the day Thursday. Bargain hunters are able to buy CRR even cheaper than Conkle did, with shares trading as low as $104.62 in trading on Thursday -- that's 2.8% below Conkle's purchase price.

The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=201408Insiders082114&mv=1.


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Source: MarketNewsVideo.com


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