Markets

Monday 8/18 Insider Buying Report: EPE, PTY

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 EP Energy ( EPE ), a filing with the SEC revealed that on Friday, CEO Brent J. Smolik bought 27,250 shares of EPE, at a cost of $18.42 each, for a total investment of $501,945. So far Smolik is in the green, up about 2.8% on their purchase based on today's trading high of $18.93. EP Energy is trading up about 0.6% on the day Monday. Before this latest buy, Smolik purchased EPE on 2 other occasions during the past twelve months, for a total investment of $504,430 at an average of $18.96 per share.

And on Thursday, William H. Gross purchased $466,952 worth of PIMCO Corporate Opportunity Fund ( PTY ), purchasing 25,423 shares at a cost of $18.37 a piece. This buy marks the first one filed by Gross in the past year. PIMCO Corporate Opportunity Fund is trading off about 0.5% on the day Monday.

VIDEO: Monday 8/18 Insider Buying Report: EPE, PTY

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.

In This Story

PTY

Other Topics

Investing

Latest Markets Videos

    BNK Invest

    BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

    Learn More