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Pick Up This Cheap Energy Stock Even Lower Than Director Anderson Did

By Energy Stock Channel Staff, Monday, July 17, 10:15 AM ET
Play Video: One Reason For Insiders to Buy


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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 9, Green Plains Inc.'s Director, James D. Anderson, invested $88,240.00 into 4,000 shares of GPRE, for a cost per share of $22.06. 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 Monday, bargain hunters could buy shares of Green Plains Inc. (NASDAQ:GPRE) and achieve a cost basis 8.4% cheaper than Anderson, with shares changing hands as low as $20.20 per share. It should be noted that Anderson has collected $0.12/share in dividends since the time of their purchase, so they are currently down 7.9% on their purchase from a total return basis. Green Plains Inc. shares are currently trading off about 0.7% on the day. The chart below shows the one year performance of GPRE shares, versus its 200 day moving average:

Green Plains Inc. Chart

Looking at the chart above, GPRE's low point in its 52 week range is $18.98 per share, with $29.85 as the 52 week high point that compares with a last trade of $20.35. By comparison, below is a table showing the prices at which GPRE insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
03/09/2017 James D. Anderson Director 4,000 $22.06 $88,240.00

According to the ETF Finder at ETF Channel, GPRE makes up 2.85% of the PowerShares WilderHill Progressive Energy Portfolio ETF (AMEX:PUW) which is trading higher by about 0.7% on the day Monday.

See what other ETFs contain GPRE
See what other stocks are held by PUW


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This Article's Word Cloud:   Anderson   Bargain   Channel   Director   Energy   GPRE   Green   James   Monday   Plains   Price   Share   Special   Value   about   bargain   basis   below   buying   changing   chart   collected   cost   currently   dividend   each   earned   expect   hunters   insider   last   makes   many   only   other   point   purchase   reason   reasons   share   shares   stock   that   their   they   trading   week   what   which   with

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