News Column

Monday 8/25 Insider Buying Report: KOP, CXO

August 25, 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.

On Wednesday, Koppers Holdings (KOP)'s Chief Financial Officer, Michael Zugay, made a $354,200 purchase of KOP, buying 10,000 shares at a cost of $35.42 each. So far Zugay is in the green, up about 4.8% on their purchase based on today's trading high of $37.10. Koppers Holdings is trading up about 2% on the day Monday. This buy marks the first one filed by Zugay in the past twelve months.

And at Concho Resources (CXO), there was insider buying on Thursday, by John P. Surma who purchased 2,000 shares for a cost of $130.00 each, for a total investment of $260,000. This purchase marks the first one filed by Surma in the past twelve months. Concho Resources is trading up about 2.6% on the day Monday. So far Surma is in the green, up about 4.4% on their purchase based on today's trading high of $135.76.

The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=201408Insiders082514&mv=1.


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Source: MarketNewsVideo.com


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