Insider Weekends: Chairman Of Kinder Morgan Steps Up Insider Purchases (Seeking Alpha)
Insider buying more than doubled again last week. Notable insider buys: Kinder Morgan, Inc., Post Holdings, Inc., Archer Daniels Midland Company, Unifi, Inc., and Zimmer Biomet Holdings, Inc. Notable insider sales: Texas Instruments Incorporated, Palo Alto Networks, Inc., Vertex Pharmaceuticals Incorporated, CarGurus, Inc., and Zscaler, Inc. Insider buying more than doubled again last week with insiders purchasing $79.47 million of stock compared to $37.61 million in the week prior. Selling also increased with insiders selling $1.51 billion of stock last week compared to $831.23 million in the week prior.
Lunchtime Tip on Queensland Copper Find Proves Costly for CEO Convicted of Insider Trading (TheWest.com.au)
A company director who bought $27,000 of shares for his superannuation fund after a luncheon which heard confidential information of a copper find in Queensland has been jailed for nine months for insider trading. Darren James Lind, 47, was today sentenced in the South Australian District Court to 18 months’ imprisonment, though Justice Joanne Tracey ordered he be released after nine months on a $1000, three-year good behaviour bond. Lind was convicted in August after a two-week trial of two counts of insider trading in shares in Minotaur Exploration nearly five years ago.
Monday 2/11 Insider Buying Report: POST, ZBH (Nasdaq.com)
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. At Post Holdings (POST), a filing with the SEC revealed that on Wednesday, Director William P. Stiritz bought 134,059 shares of POST, at a cost of $96.71 each, for a total investment of $12.96M. So far Stiritz is in the green, up about 4.6% on their buy based on today’s trading high of $101.16. Post Holdings is trading up about 1.8% on the day Monday. Before this latest buy, Stiritz made one other purchase in the past twelve months, buying $7.2M shares at a cost of $71.99 a piece.
Insider Buys Of The Week: ADM, AT&T, JPMorgan And More (Benzinga)
Insider buying can be an encouraging signal for potential investors. Several board members made notable share purchases in the past week. That includes the executive chair of an energy infrastructure leader. Conventional wisdom says that insiders and 10 percent owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit from it. So insider buying can be an encouraging signal for potential investors, particularly during periods of uncertainty. Here’s a look at a few significant insider purchases reported in the past week, and note that a beneficial owner also made sizable purchases of Seagate Technology PLC STX 0.87% shares.
Insider Trading Exposed By Whistleblower Tips and New Technology (The National Law Review)
The SEC Continues to Root Out Insider Trading: Insider trading occurs when an individual buys or sells a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security. The SEC continues to focus its enforcement efforts on identifying and halting insider trading violations. Annually, the SEC brings a significant number of its enforcement actions against individuals who: tip material, nonpublic information; trade securities based on tipped information; or trade securities based on misappropriated information.
