Tuesday 7/1 Insider Buying Report: PZN, OAS

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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 Pzena Investment Management ( PZN ), a filing with the SEC revealed that on Friday, Director Charles D. Johnston bought 10,000 shares of PZN, at a cost of $10.99 each, for a total investment of $109,900. So far Johnston is in the green, up about 2.7% on their buy based on today's trading high of $11.29. Pzena Investment Management is trading up about 1.1% on the day Tuesday. This purchase marks the first one filed by Johnston in the past year.

And on Thursday, Director Ted Collins Jr. bought $106,780 worth of Oasis Petroleum ( OAS ), buying 2,000 shares at a cost of $53.39 a piece. This buy marks the first one filed by Collins Jr. in the past year. Oasis Petroleum is trading off about 0.7% on the day Tuesday. Collins Jr. was up about 5.6% on the buy at the high point of today's trading session, with OAS trading as high as $56.36 in trading on Tuesday.

Tuesday 7/1 Insider Buying Report: PZN, OAS VIDEO: Tuesday 7/1 Insider Buying Report: PZN, OAS



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: PZN , OAS

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