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Friday 5/30 Insider Buying Report: SLCA, MGPI

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, US Silica Holdings ( SLCA )'s Director, Daniel W. Avramovich, made a $501,900 buy of SLCA, purchasing 10,000 shares at a cost of $50.19 each. So far Avramovich is in the green, up about 2.6% on their purchase based on today's trading high of $51.49. US Silica Holdings is trading up about 0.6% on the day Friday.

And on Tuesday, Director Terrence P. Dunn bought $167,500 worth of MGP Ingredients ( MGPI ), buying 25,000 shares at a cost of $6.70 a piece. MGP Ingredients is trading up about 3.6% on the day Friday. So far Dunn is in the green, up about 8.2% on their buy based on today's trading high of $7.25.

VIDEO: Friday 5/30 Insider Buying Report: SLCA, MGPI

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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