Tuesday 6/24 Insider Buying Report: PSX, QPAC

By
A A A

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 Friday, Phillips 66 ( PSX )'s Director, William R. Loomis Jr., made a $299,841 purchase of PSX, buying 3,485 shares at a cost of $86.04 a piece. Phillips 66 is trading down about 0.1% on the day Tuesday. Before this latest buy, Loomis Jr. purchased PSX on 3 other occasions during the past twelve months, for a total investment of $2M at an average of $73.34 per share.


And at Quinpario Acquisition ( QPAC ), there was insider buying on Monday, by Vice President, Operations Craig Ivey who purchased 25,000 shares for a cost of $10.16 each, for a trade totaling $254,088. Quinpario Acquisition is trading down about 0.1% on the day Tuesday. Ivey was up about 1.0% on the purchase at the high point of today's trading session, with QPAC trading as high as $10.27 in trading on Tuesday.

Tuesday 6/24 Insider Buying Report: PSX, QPAC VIDEO: Tuesday 6/24 Insider Buying Report: PSX, QPAC



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




This article appears in: Investing , Investing Ideas

Referenced Stocks: PSX , QPAC

BNK Invest

BNK Invest

More from BNK Invest:

Related Videos

Stocks

Referenced

Most Active by Volume

64,655,493
  • $17.88 ▼ 1.38%
53,363,101
  • $18.51 ▼ 6.98%
42,789,793
  • $94.01 ▼ 1.26%
40,818,762
  • $121.30 ▼ 0.87%
38,086,152
  • $23.28 ▼ 9.17%
36,103,930
  • $14.20 ▼ 0.77%
31,870,696
  • $14.83 ▼ 1.79%
29,019,850
  • $46.70 ▼ 0.38%
As of 7/31/2015, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com