 |
 |
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| MTRX Trading Below Director's Recent Buy PriceBy Energy Stock Channel Staff, Tuesday, October 19, 1:18 PM 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 September 23, Matrix Service Co.'s Director, John D. Chandler, invested $49,593.50 into 5,000 shares of MTRX, for a cost per share of $9.92. 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 Matrix Service Co. (NASDAQ:MTRX) and achieve a cost basis even cheaper than Chandler, with shares changing hands as low as $9.91 per share. Matrix Service Co. shares are currently trading off about 2% on the day. The chart below shows the one year performance of MTRX shares, versus its 200 day moving average:
Looking at the chart above, MTRX's low point in its 52 week range is $7.12 per share, with $16.32 as the 52 week high point — that compares with a last trade of $9.97. By comparison, below is a table showing the prices at which MTRX insider buying was recorded over the last six months:
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter
This Article's Word Cloud:
Back
Bargain
Chandler
Channel
Cheaper
Director
Dividend
Energy
Insider
Insiders
John
Looking
MTRX
Matrix
Newsletter
Offer
Premium
Price
Purchased
Receive
September
Service
Share
Shares
Special
Start
Stocks
Street
Than
There
Title
about
below
buying
chart
cost
hunters
insider
last
only
point
reason
share
shares
stock
that
their
trading
week
with
|
Play Video:
One Reason For Insiders to Buy
Free Email Alerts By Stock:
Start slideshow: