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Tuesday 11/17 Insider Buying Report: APC, KYN

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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

On Friday, Anadarko Petroleum ( APC )'s Director, Peter J. Fluor, made a $3.04M buy of APC, purchasing 50,000 shares at a cost of $60.81 each. Anadarko Petroleum Corp is trading down about 2.3% on the day Tuesday.

And also on Friday, Richard A. Kayne purchased $531,967 worth of Kayne Anderson MLP Investment Company ( KYN ), purchasing 26,665 shares at a cost of $19.95 a piece. Before this latest buy, Kayne made one other purchase in the past twelve months, buying $111,320 shares for a cost of $27.83 each. Kayne Anderson MLP Investment Company is trading down about 2.3% on the day Tuesday. So far Kayne is in the green, up about 7.4% on their buy based on today's trading high of $21.42.

VIDEO: Tuesday 11/17 Insider Buying Report: APC, KYN

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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