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Monday 12/24 Insider Buying Report: LEGH, SLB

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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.

At Legacy Housing, a filing with the SEC revealed that on Thursday, Director Mark E. Bennett purchased 34,773 shares of LEGH, for a cost of $12.01 each, for a total investment of $417,586. Investors can snag LEGH at a price even lower than Bennett did, with the stock changing hands as low as $11.50 at last check today which is 4.2% under Bennett's purchase price. Legacy Housing is trading down about 0.5% on the day Monday. Before this latest buy, Bennett bought LEGH on 2 other occasions during the past twelve months, for a total investment of $412,872 at an average of $12.00 per share.

And also on Thursday, EVP Wells Patrick Schorn purchased $375,500 worth of Schlumberger, purchasing 10,000 shares at a cost of $37.55 each. Before this latest buy, Schorn made one other buy in the past year, purchasing $323,950 shares at a cost of $64.79 a piece. Schlumberger is trading down about 0.4% on the day Monday. Investors can buy SLB even cheaper than Schorn did, with the stock trading as low as $35.00 at last check today - that's 6.8% under Schorn's purchase price.

VIDEO: Monday 12/24 Insider Buying Report: LEGH, SLB

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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