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|First Week of May 17th Options Trading For Laredo Petroleum, Inc (LPI)
Wednesday, March 26, 11:16 AM ET, by Market News Video Staff
Investors in Laredo Petroleum, Inc (LPI) saw new options begin trading this week, for the ...
Laredo Petroleum, Inc Breaks Above 200-Day Moving Average - Bullish for LPI
Friday, March 28, 11:32 AM ET, by Market News Video Staff
In trading on Friday, shares of Laredo Petroleum, Inc (LPI) crossed above their 200 day ...
Insiders Buy the Holdings of FXN ETF
Tuesday, April 1, 9:55 AM ET, by Market News Video Staff
A look at the weighted underlying holdings of the First Trust Energy AlphaDEX Fund (FXN) ...
Murphy Oil Corp (MUR) Shares Cross 2% Yield Mark
Wednesday, April 2, 3:07 PM ET, by Market News Video Staff
In trading on Wednesday, shares of Murphy Oil Corp (MUR) were yielding above the 2% ...
Notable ETF Inflow Detected - FXN, HP, GLNG, HES
Thursday, April 3, 11:28 AM ET, by Market News Video Staff
Symbols mentioned in this story: FXN, HP, GLNG, HES Exchange traded funds (ETFs) trade just ...
Bag This Cheap Energy Stock Even Lower Than Senior V.P. & General Counsel Dornblaser Did
By Energy Stock Channel Staff, Tuesday, June 26, 10:46 AM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on June 21, Laredo Petroleum Holdings Inc's Senior V.P. & General Counsel, Kenneth E. Dornblaser, invested $39,963.00 into 2,100 shares of LPI, for a cost per share of $19.03. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.
In trading on Tuesday, bargain hunters could buy shares of Laredo Petroleum Holdings Inc (NYSE:LPI) and achieve a cost basis even cheaper than Dornblaser, with shares changing hands as low as $18.90 per share. Laredo Petroleum Holdings Inc shares are currently trading up about 0.7% on the day. The chart below shows the one year performance of LPI shares, versus its 200 day moving average:
Looking at the chart above, LPI's low point in its 52 week range is $17.25 per share, with $27.91 as the 52 week high point — that compares with a last trade of $19.20. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
||Kenneth E. Dornblaser
||Senior V.P. & General Counsel
According to the ETF Finder at ETF Channel, LPI makes up 1.20% of the First Trust Energy AlphaDEX Fund ETF (AMEX:FXN) which is trading higher by about 0.5% on the day Tuesday.
See what other ETFs contain LPI »
See what other stocks are held by FXN »
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