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Top Buys by Directors: Rosenthal's $908.6K Bet on OIS

By Energy Stock Channel Staff, Thursday, December 27, 11:22 AM ET
Play Video: One Reason For Insiders to Buy

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The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $908.6K by Gary L. Rosenthal, Director at Oil States International, Inc. (NYSE:OIS).

Rosenthal bets big on OIS:

Purchased Insider Title Shares Price/Share Value
12/21/2012 Gary L. Rosenthal Director 12,971 $70.05 $908,643.19

Rosenthal's average cost works out to $70.05/share. In trading on Thursday, bargain hunters could buy shares of Oil States International, Inc. (NYSE:OIS) and achieve a cost basis lower than Rosenthal, with shares changing hands as low as $69.48 per share. Shares of Oil States International, Inc. were changing hands at $69.50 at last check, trading up about 0.3% on Thursday. The chart below shows the one year performance of OIS shares, versus its 200 day moving average:

Oil States International, Inc. Chart

Looking at the chart above, OIS's low point in its 52 week range is $60.03 per share, with $87.65 as the 52 week high point that compares with a last trade of $69.50.

According to the ETF Finder at ETF Channel, OIS makes up 2.67% of the SPDR S&P Oil & Gas Equipment & Services ETF (AMEX:XES) which is trading lower by about 0.8% on the day Thursday.

See what other ETFs contain OIS
See what other stocks are held by XES

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This Article's Word Cloud:   Definition   Director   ETFs   Gary   Importance   Insider   International   NYSE   PortfolioRelevant   Price   Rosenthal   Share   Shares   States   Thursday   What   about   average   both   business   buys   changing   chart   company   cost   directors   earned   expect   hands   last   lower   make   makes   maybe   other   point   portfolio   share   shares   stock   take   that   they   trading   view   week   what   which   wise   with

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