Top Buys by Top Brass: Chief Executive Officer Nimbley's $750.8K Bet on PBF

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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 $750.8K by Thomas J. Nimbley, Chief Executive Officer at PBF Energy Inc (Symbol: PBF).

Purchased Insider Title Shares Price/Share Value
03/11/2019 Thomas J. Nimbley Chief Executive Officer 25,000 $30.03 $750,750.00

Nimbley's average cost works out to $30.03/share. Shares of PBF Energy Inc were changing hands at $31.39 at last check, trading up about 1.6% on Thursday. The chart below shows the one year performance of PBF shares, versus its 200 day moving average:

PBF Energy Inc Chart

Looking at the chart above, PBF's low point in its 52 week range is $28.66 per share, with $53.91 as the 52 week high point - that compares with a last trade of $31.39.

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

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: PBF

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