Friday 1/3 Insider Buying Report: TXO, GRX
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At TXO Partners, a filing with the SEC revealed that on Monday, Director William H. Adams III bought 14,000 shares of TXO, for a cost of $16.93 each, for a total investment of $236,998. TXO Partners is trading down about 0.4% on the day Friday.
And at Gabelli Healthcare & Wellness Trust, there was insider buying on Tuesday, by Director Mario J. Gabelli who purchased 6,000 shares for a cost of $9.77 each, for a total investment of $58,600. Before this latest buy, Gabelli bought GRX at 7 other times during the past twelve months, for a total cost of $282,687 at an average of $10.43 per share. Gabelli Healthcare & Wellness Trust is trading up about 1.1% on the day Friday. So far Gabelli is down about 0.7% on the buy, with the stock trading as low as $9.70 in trading on Friday.
VIDEO: Friday 1/3 Insider Buying Report: TXO, GRX