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Friday 12/21 Insider Buying Report: SGMS, CNX

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 Thursday, Scientific Games', Ronald O. Perelman, made a $3.13M purchase of SGMS, buying 200,000 shares at a cost of $15.63 each. Scientific Games is trading up about 0.9% on the day Friday. Before this latest buy, Perelman made one other purchase in the past twelve months, buying $5.55M shares for a cost of $31.73 a piece.

And at CNX Resources, there was insider buying on Wednesday, by Director Bernard Lanigan Jr. who purchased 100,000 shares for a cost of $11.95 each, for a total investment of $1.2M. This purchase marks the first one filed by Lanigan Jr. in the past year. CNX Resources is trading up about 1% on the day Friday. Bargain hunters can grab CNX even cheaper than Lanigan Jr. did, with the stock changing hands as low as $11.66 at last check today which is 2.4% under Lanigan Jr.'s purchase price.

VIDEO: Friday 12/21 Insider Buying Report: SGMS, CNX

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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