Thursday 4/2 Insider Buying Report: EPSN, TSM
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 Epsilon Energy, a filing with the SEC revealed that on Tuesday, Chief Executive Officer Jason Stabell purchased 20,000 shares of EPSN, for a cost of $6.21 each, for a total investment of $124,180. So far Stabell is in the green, up about 4.2% on their buy based on today's trading high of $6.47. Epsilon Energy is trading up about 4.3% on the day Thursday. Before this latest buy, Stabell bought EPSN at 3 other times during the past year, for a total cost of $317,929 at an average of $4.91 per share.
And at Taiwan Semiconductor Manufacturing, there was insider buying on Sunday, by VP Shyue-shyh Lin who bought 2,000 shares for a cost of $55.63 each, for a trade totaling $111,260. Taiwan Semiconductor Manufacturing is trading down about 1% on the day Thursday. So far Lin is in the green, up about 514.2% on their buy based on today's trading high of $341.70.
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