SPB

Thursday 5/25 Insider Buying Report: SPB, DTM

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 Tuesday, Spectrum Brands Holdings' CEO, David M. Maura, made a $723,150 buy of SPB, purchasing 10,000 shares at a cost of $72.31 each. So far Maura is in the green, up about 2.9% on their purchase based on today's trading high of $74.40. Spectrum Brands Holdings is trading up about 1.5% on the day Thursday.

And also on Tuesday, Director Peter I. Tumminello bought $236,750 worth of DT Midstream, buying 5,000 shares at a cost of $47.35 a piece. Before this latest buy, Tumminello made one other buy in the past twelve months, purchasing $164,400 shares at a cost of $54.80 each. DT Midstream is trading up about 0.2% on the day Thursday. Bargain hunters are able to bag DTM at a price even lower than Tumminello did, with shares changing hands as low as $46.27 at last check today -- that's 2.3% below Tumminello's purchase price.

VIDEO: Thursday 5/25 Insider Buying Report: SPB, DTM

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.