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Top Buys by Top Brass: CEO Gluski's $250.5K Bet on AES


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A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money - maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $250.5K by Andres Gluski, CEO at AES Corp. (Symbol: AES).

Purchased Insider Title Shares Price/Share Value
11/10/2017 Andres Gluski President and CEO 24,632 $10.17 $250,507.44

Gluski's average cost works out to $10.17/share. Shares of AES Corp. were changing hands at $10.66 at last check, trading up about 4% on Monday. The chart below shows the one year performance of AES shares, versus its 200 day moving average:

AES Corp. Chart

Looking at the chart above, AES's low point in its 52 week range is $10.00 per share, with $12.47 as the 52 week high point - that compares with a last trade of $10.66.

The current annualized dividend paid by AES Corp. is $0.48/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 10/31/2017. Below is a long-term dividend history chart for AES, which can be of good help in judging whether the most recent dividend with approx. 4.7% annualized yield is likely to continue.

AES+Dividend+History+Chart

According to the ETF Finder at ETF Channel, AES makes up 3.01% of the Guggenheim S&P 500 Equal Weight Utilities ETF (Symbol: RYU) which is trading up by about 0.6% on the day Monday.

Click here to find out which other top insider buys by the ''top brass'' you need to know about »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Commodities
Referenced Symbols: AES , RYU


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