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Wednesday 2/8 Insider Buying Report: MUSA, D

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Shutterstock photo

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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, Murphy USA ( MUSA )'s Director, Claiborne P. Deming, made a $980,920 purchase of MUSA, buying 15,000 shares at a cost of $65.39 a piece. Murphy USA is trading up about 2.4% on the day Wednesday. This buy marks the first one filed by Deming in the past twelve months.

And on Friday, Director Michael E. Szymanczyk bought $716,940 worth of Dominion Resources ( D ), buying 10,000 shares at a cost of $71.69 each. This purchase marks the first one filed by Szymanczyk in the past year. Dominion Resources is trading up about 1.1% on the day Wednesday. So far Szymanczyk is in the green, up about 2.2% on their buy based on today's trading high of $73.27.

VIDEO: Wednesday 2/8 Insider Buying Report: MUSA, D

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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