Featured MNV Articles:
More articles: 1 2 3 4 5 6 7 next »
|NR Makes Bullish Cross Above Critical Moving Average
Friday, November 7, 4:09 PM ET, by Market News Video Staff
In trading on Friday, shares of Newpark Resources, Inc. (NR) crossed above their 200 day ...
ATW Stock Crowded With Sellers
Tuesday, November 11, 3:51 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Atwood Oceanics, Inc. (ATW) entered into oversold territory, changing ...
RES Trading Below Director's Recent Buy Price
Thursday, November 13, 10:17 AM ET, by Market News Video Staff
There's an old saying on Wall Street about insider buying: there are many possible reasons ...
Cash Dividend On The Way From Tesco (TESO)
Wednesday, November 19, 10:08 AM ET, by Market News Video Staff
On 11/20/14, Tesco Corp. (TESO) will trade ex-dividend, for its quarterly dividend of $0.05, payable ...
Patterson-UTI Energy (PTEN) Passes Through 2% Yield Mark
Wednesday, November 19, 3:30 PM ET, by Market News Video Staff
In trading on Wednesday, shares of Patterson-UTI Energy Inc. (PTEN) were yielding above the 2% ...
Top Buys by Directors: Hughes's $312.7K Bet on OII
By Energy Stock Channel Staff, Thursday, February 28, 11:22 AM ET
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 $312.7K by D. Michael Hughes, Director at Oceaneering International, Inc. (NYSE:OII).
Hughes bets big on OII:
||D. Michael Hughes
Hughes's average cost works out to $60.85/share. Shares of Oceaneering International, Inc. were changing hands at $63.85 at last check, trading up about 0.8% on Thursday. The chart below shows the one year performance of OII shares, versus its 200 day moving average:
Looking at the chart above, OII's low point in its 52 week range is $43.22 per share, with $65.37 as the 52 week high point — that compares with a last trade of $63.85.
According to the ETF Finder at ETF Channel, OII makes up 4.74% of the Dynamic Oil & Gas Services Portfolio ETF (AMEX:PXJ) which is trading higher by about 0.7% on the day Thursday.
See what other ETFs contain OII »
See what other stocks are held by PXJ »
Special Offer: Find out how Dave Moenning is trading around the most recent insider transactions with a free 30 day trial .
This Article's Word Cloud: