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Monday 6/29 Insider Buying Report: GTE, FGP

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 two noteworthy recent insider buys.

At Gran Tierra Energy ( GTE ), a filing with the SEC revealed that on Wednesday, Director Brooke N. Wade bought 100,000 shares of GTE, for a cost of $2.91 each, for a total investment of $291,480. Wade was up about 5.3% on the purchase at the high point of today's trading session, with GTE trading as high as $3.07 in trading on Monday. Gran Tierra Energy is trading down about 2.6% on the day Monday. This buy marks the first one filed by Wade in the past twelve months.

And at Ferrellgas Partners ( FGP ), there was insider buying on Wednesday, by Director Daniel G. Kaye who bought 10,000 shares for a cost of $23.12 each, for a total investment of $231,200. Before this latest buy, Kaye bought FGP at 3 other times during the past twelve months, for a total cost of $210,434 at an average of $23.38 per share. Ferrellgas Partners is trading off about 0.2% on the day Monday.

VIDEO: Monday 6/29 Insider Buying Report: GTE, FGP

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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