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Tuesday 6/3 Insider Buying Report: TFM, NS

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 Monday, Fresh Market ( TFM )'s, Ray D. Berry, made a $13.25M buy of TFM, purchasing 435,000 shares at a cost of $30.47 a piece. Berry was up about 6.5% on the purchase at the high point of today's trading session, with TFM trading as high as $32.44 in trading on Tuesday. Fresh Market is trading up about 4.7% on the day Tuesday. This purchase marks the first one filed by Berry in the past year.

And on Friday, Director William E. Greehey purchased $4.90M worth of NuStar Energy L.P. ( NS ), purchasing 85,000 shares at a cost of $57.70 each. Before this latest buy, Greehey bought NS on 3 other occasions during the past twelve months, for a total cost of $7.86M at an average of $50.01 per share. NuStar Energy L.P. is trading up about 1.6% on the day Tuesday. Greehey was up about 2.5% on the purchase at the high point of today's trading session, with NS trading as high as $59.15 in trading on Tuesday.

VIDEO: Tuesday 6/3 Insider Buying Report: TFM, NS

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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