Markets

Thursday 8/21 Insider Buying Report: MRD

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 one noteworthy recent insider buy.

On Monday, Director Robert A. Innamorati purchased $204,150 worth of Memorial Resource Development ( MRD ), purchasing 8,127 shares at a cost of $25.12 each. Before this latest buy, Innamorati made one other purchase in the past twelve months, buying $570,000 shares at a cost of $19.00 a piece. Memorial Resource Development Corp is trading up about 4.3% on the day Thursday. So far Innamorati is in the green, up about 9.4% on their buy based on today's trading high of $27.47.

VIDEO: Thursday 8/21 Insider Buying Report: MRD

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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