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Friday 8/22 Insider Buying Report: SJI

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 one noteworthy recent insider buy.

On Wednesday, Director Frank L. Sims purchased $320,510 worth of South Jersey Industries ( SJI ), purchasing 5,564 shares at a cost of $57.60 each. Before this latest buy, Sims made one other purchase in the past twelve months, buying $44,200 shares at a cost of $55.25 each. South Jersey Industries is trading up about 0.9% on the day Friday. Sims was up about 1.3% on the buy at the high point of today's trading session, with SJI trading as high as $58.36 at last check today.

VIDEO: Friday 8/22 Insider Buying Report: SJI

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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