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ETM

Monday 3/4 Insider Buying Report: ETM, CXO

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 Friday, Entercom Communications' Chairman Emeritus, Joseph M. Field, made a $1.26M purchase of ETM, buying 200,000 shares at a cost of $6.32 each. Entercom Communications is trading up about 0.7% on the day Monday. Before this latest buy, Field purchased ETM at 23 other times during the past year, for a total cost of $47.6M at an average of $8.24 per share.

And at Concho Resources, there was insider buying on Wednesday, by Gary A. Merriman who bought 2,000 shares for a cost of $111.51 each, for a trade totaling $223,020. This buy marks the first one filed by Merriman in the past year. Concho Resources is trading up about 0.3% on the day Monday.

VIDEO: Monday 3/4 Insider Buying Report: ETM, CXO

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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