 |
 |
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Land This Bargain Energy Stock Even Cheaper Than Chief Executive Officer Franklin DidBy Energy Stock Channel Staff, Thursday, March 23, 10:07 AM 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 March 8, Essential Utilities Inc's Chief Executive Officer, Chris Franklin, invested $1,515,871.50 into 37,245 shares of WTRG, for a cost per share of $40.70. 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 Thursday, bargain hunters could buy shares of Essential Utilities Inc (NYSE:WTRG) and achieve a cost basis even cheaper than Franklin, with shares changing hands as low as $40.58 per share. Essential Utilities Inc shares are currently trading off about 0.6% on the day. The chart below shows the one year performance of WTRG shares, versus its 200 day moving average:
Looking at the chart above, WTRG's low point in its 52 week range is $38.50 per share, with $52.62 as the 52 week high point — that compares with a last trade of $40.76. By comparison, below is a table showing the prices at which WTRG insider buying was recorded over the last six months:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.
This Article's Word Cloud:
Back
Bargain
Cheaper
Chief
Chris
Days
Dollars
Energy
Essential
Executive
Franklin
Insider
Insiders
Join
Looking
March
NYSE
Offer
Officer
Price
Purchased
Seven
Share
Shares
Special
Start
Stocks
Street
Than
Utilities
WTRG
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: