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MCC

Friday 10/7 Insider Buying Report: MCC, SYRG

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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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

At Medley Capital, a filing with the SEC revealed that on Thursday, Director Seth Taube purchased 115,100 shares of MCC, for a cost of $7.60 each, for a total investment of $874,601. So far Taube is in the green, up about 2.0% on their buy based on today's trading high of $7.75. Medley Capital Corporation is trading up about 1.7% on the day Friday. Before this latest buy, Taube purchased MCC at 6 other times during the past twelve months, for a total cost of $8.79M at an average of $7.36 per share.

And also on Thursday, PRESIDENT/CEO Lynn A. Peterson bought $294,426 worth of Synergy Resources, buying 49,071 shares at a cost of $6.00 a piece. This purchase marks the first one filed by Peterson in the past twelve months. Synergy Resources is trading up about 0.5% on the day Friday. Peterson was up about 13.8% on the buy at the high point of today's trading session, with SYRG trading as high as $6.83 at last check today.

VIDEO: Friday 10/7 Insider Buying Report: MCC, SYRG

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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