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| Top Buys by Directors: Stahl's $209.8K Bet on TPLBy Energy Stock Channel Staff, Friday, January 15, 3:13 PM 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 $209.8K invested across 2 purchases by Murray Stahl, Director at Texas Pacific Land Corp (NYSE:TPL). Stahl bets big on TPL:
Stahl's average cost works out to $859.64/share. In trading on Friday, bargain hunters could buy shares of Texas Pacific Land Corp (NYSE:TPL) and achieve a cost basis lower than Stahl, with shares changing hands as low as $813.76 per share. Shares of Texas Pacific Land Corp were changing hands at $839.68 at last check, trading off about 0.6% on Friday. The chart below shows the one year performance of TPL shares, versus its 200 day moving average:
Looking at the chart above, TPL's low point in its 52 week range is $295.0489 per share, with $895 as the 52 week high point — that compares with a last trade of $839.68. Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.
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