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Friday 11/7 Insider Buying Report: PBFX, D

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 two noteworthy recent insider buys.

On Wednesday, PBF Logistics LP ( PBFX )'s Director, Thomas D. O'Malley, made a $1.26M purchase of PBFX, buying 52,215 shares at a cost of $24.15 each. O'Malley was up about 7.7% on the purchase at the high point of today's trading session, with PBFX trading as high as $26.01 at last check today. PBF Logistics LP is trading up about 2.1% on the day Friday. Before this latest buy, O'Malley purchased PBFX at 3 other times during the past twelve months, for a total investment of $11.24M at an average of $23.02 per share.

And at Dominion Resources ( D ), there was insider buying on Tuesday, by Director Helen E. Dragas who purchased 6,925 shares for a cost of $72.15 each, for a trade totaling $499,666. Before this latest buy, Dragas made one other buy in the past twelve months, purchasing $250,000 shares at a cost of $68.99 a piece. Dominion Resources is trading up about 0.9% on the day Friday. So far Dragas is in the green, up about 2.3% on their buy based on today's trading high of $73.82.

VIDEO: Friday 11/7 Insider Buying Report: PBFX, D

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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