BX

Monday 11/3 Insider Buying Report: BX, MTDR

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

On Wednesday, Blackstone's, James Breyer, made a $1.99M buy of BX, purchasing 13,170 shares at a cost of $151.23 a piece. Investors can bag BX at a price even lower than Breyer did, with shares changing hands as low as $143.00 at last check today which is 5.4% below Breyer's purchase price. Blackstone is trading off about 1.6% on the day Monday.

And on Friday, CEO Joseph Wm Foran bought $430,651 worth of Matador Resources, buying 10,842 shares at a cost of $39.72 a piece. Before this latest buy, Foran bought MTDR at 12 other times during the past year, for a total cost of $1.78M at an average of $46.31 per share. Matador Resources is trading off about 1.2% on the day Monday.

Monday 11/3 Insider Buying Report: BX, MTDRVIDEO: Monday 11/3 Insider Buying Report: BX, MTDR

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

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.