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 a recent insider purchase of note.
On Tuesday, Texas Pacific Land's Director, Murray Stahl, made a $43,383 buy of TPL, purchasing 21 shares at a cost of $2065.88 each. Texas Pacific Land is trading up about 0.6% on the day Friday. Before this latest buy, Stahl bought TPL at 248 other times during the past twelve months, for a total cost of $8.21M at an average of $1686.92 per share.
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