Top Buys by Directors: Gerber's $235.8K Bet on HAL

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The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock 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 company directors over the trailing six month period, one of which was a total of $235.8K by Murry Gerber, Director at Halliburton Company (Symbol: HAL).

Purchased Insider Title Shares Price/Share Value
07/26/2018 Murry Gerber Director 5,800 $40.66 $235,805.38

Gerber's average cost works out to $40.66/share. Shares of Halliburton Company were changing hands at $41.86 at last check, trading up about 1.3% on Friday. The chart below shows the one year performance of HAL shares, versus its 200 day moving average:

Halliburton Company Chart

Looking at the chart above, HAL's low point in its 52 week range is $38.181 per share, with $57.86 as the 52 week high point - that compares with a last trade of $41.86.

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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: HAL

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