 |
 |
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Get An Even Better Deal On NGL Than Director Collingsworth DidBy Energy Stock Channel Staff, Tuesday, February 20, 11:21 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 February 14, NGL Energy Partners LP's Director, James M. Collingsworth, invested $581,565.88 into 100,000 shares of NGL, for a cost per share of $5.82. 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 NGL Energy Partners LP (NYSE:NGL) and achieve a cost basis 1.5% cheaper than Collingsworth, with shares changing hands as low as $5.73 per share. NGL Energy Partners LP shares are currently trading up about 0.9% on the day. The chart below shows the one year performance of NGL shares, versus its 200 day moving average:
Looking at the chart above, NGL's low point in its 52 week range is $2.28 per share, with $5.99 as the 52 week high point — that compares with a last trade of $5.82. By comparison, below is a table showing the prices at which NGL 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
Channel
Cheaper
Collingsworth
Director
Dividend
Energy
February
Insider
Insiders
James
Looking
NYSE
Newsletter
Offer
Partners
Premium
Price
Purchased
Receive
Share
Shares
Special
Start
Stocks
Street
Than
There
Title
Tuesday
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: