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Top Buys by Directors: George's $413.1K Bet on APC

By Energy Stock Channel Staff, Monday, February 4, 1:13 PM 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 $413.1K by Richard L. George, Director at Anadarko Petroleum Corp (NYSE:APC).

George bets big on APC:

Purchased Insider Title Shares Price/Share Value
08/14/2012 Richard L. George Director 6,000 $68.85 $413,122.11

George's average cost works out to $68.85/share. Shares of Anadarko Petroleum Corp were changing hands at $80.74 at last check, trading down about 0.6% on Monday. The chart below shows the one year performance of APC shares, versus its 200 day moving average:

Anadarko Petroleum Corp Chart

Looking at the chart above, APC's low point in its 52 week range is $56.42 per share, with $88.70 as the 52 week high point that compares with a last trade of $80.74.

According to the ETF Finder at ETF Channel, APC makes up 8.13% of the iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund ETF (AMEX:IEO) which is trading lower by about 0.4% on the day Monday.

See what other ETFs contain APC
See what other stocks are held by IEO


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