Friday 2/8 Insider Buying Report: ADM, IDXX (Nasdaq.com)
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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys. At Archer Daniels Midland (ADM), a filing with the SEC revealed that on Thursday, Director Donald E. Felsinger purchased 60,000 shares of ADM, for a cost of $41.80 each, for a total investment of $2.51M. Archer Daniels Midland is trading up about 1% on the day Friday.
Kinder Morgan Inc (NYSE:KMI) Insider Trading Activity – Insider Bought 400,000 shares of Stock (MarketExclusive)
Insider Trading Activity For Kinder Morgan Inc (NYSE:KMI): Richard D Kinder , Insider of Kinder Morgan Inc (NYSE:KMI) reportedly Bought 400,000 shares of the company’s stock at an average price of 17.99 for a total transaction amount of $7,196,000.00 SEC Form. Insider Trading History For Kinder Morgan Inc (NYSE:KMI): On 9/12/2012 Goldman Sachs Group Inc, Insider, sold 4,911,162 with an average share price of $34.51 per share and the total transaction amounting to $169,484,200.62. On 10/26/2012 Fayez Sarofim, Director, bought 600,000 with an average share price of $34.76 per share and the total transaction amounting to $20,856,000.00.
Hess Corp (HES) CEO John B Hess Sold $8.9 million of Shares (GuruFocus)
CEO of Hess Corp (NYSE:HES) John B Hess sold 167,834 shares of HES on 02/07/2019 at an average price of $52.84 a share. The total sale was $8.9 million. Hess Corp is an oil and gas company involved in the exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids, and natural gas with production operations. Hess Corp has a market cap of $15.52 billion; its shares were traded at around $52.40 with and P/S ratio of 2.47. The dividend yield of Hess Corp stocks is 1.90%.
What Did This CEO Just Do with Personal Shares of Community Bank System (NYSE: CBU)? (AnalystRatings)
Today, the President & CEO of Community Bank System (CBU – Research Report), Mark Tryniski, sold shares of CBU for $706K. Following Mark Tryniski’s last CBU Sell transaction on August 22, 2011, the stock climbed by 44.6%. This is Tryniski’s first Sell trade following 5 Buy transactions. Based on Community Bank System’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $147 million and quarterly net profit of $40.82 million. In comparison, last year the company earned revenue of $143 million and had a net profit of $71.82 million. CBU’s market cap is $3.19B and the company has a P/E ratio of 19.14. Currently, Community Bank System has an average volume of 185.4K.
You Have to Know Whose Data You’re Using (Bloomberg)
Alternative data: Sure, right, depending on the details, I can see how this might be bad: I don’t know exactly what this unnamed data firm was telling this unnamed hedge fund, but it does sound like it might be … industrial espionage? Trespassing? Why would the oil companies want to let some outsider to stick sensors on their rigs in order to sell data to hedge funds? Something feels a bit icky about it.
