|
Featured MNV Articles:
| Top Buys by Top Brass: Co-Chief Executive Officer Teague's $619.7K Bet on EPDBy Energy Stock Channel Staff, Tuesday, September 21, 10:03 AM ET
A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. 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 — 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 the ''top brass'' over the trailing six month period, one of which was a total of $619.7K invested across 2 purchases by AJ Teague, Co-Chief Executive Officer at Enterprise Products Partners L.P. (NYSE:EPD). Teague bets big on EPD:
Teague's average cost works out to $21.90/share. In trading on Tuesday, bargain hunters could buy shares of Enterprise Products Partners L.P. (NYSE:EPD) and achieve a cost basis lower than Teague, with shares changing hands as low as $21.60 per share. Shares of Enterprise Products Partners L.P. were changing hands at $21.73 at last check, trading up about 1.3% on Tuesday. The chart below shows the one year performance of EPD shares, versus its 200 day moving average:
Looking at the chart above, EPD's low point in its 52 week range is $14.90 per share, with $25.69 as the 52 week high point — that compares with a last trade of $21.73. Free Report: Top 7%+ Dividends (paid monthly)
This Article's Word Cloud:
Bets
Brass
Buys
Chief
Dividends
Enterprise
Executive
Free
Insider
Insiders
Looking
NYSE
Officer
Partners
Place
Presumably
Price
Products
Purchased
Report
Share
Shares
Start
Teague
Title
Tuesday
Value
average
buys
changing
chart
company
cost
hands
insider
last
make
maybe
mdash
point
share
shares
stock
take
that
their
they
trading
week
with
|