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LNG Selling Below CEO's Recent Buy Price

By Energy Stock Channel Staff, Tuesday, December 3, 10:01 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 November 19, Cheniere Energy Inc.'s CEO, Jack A. Fusco, invested $503,182.68 into 8,400 shares of LNG, for a cost per share of $59.90. 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 Cheniere Energy Inc. (AMEX:LNG) and achieve a cost basis even cheaper than Fusco, with shares changing hands as low as $59.84 per share. Cheniere Energy Inc. shares are currently trading off about 1.2% on the day. The chart below shows the one year performance of LNG shares, versus its 200 day moving average:

Cheniere Energy Inc. Chart

Looking at the chart above, LNG's low point in its 52 week range is $55.09 per share, with $70.60 as the 52 week high point — that compares with a last trade of $59.92. By comparison, below is a table showing the prices at which LNG insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
11/19/2019 Jack A. Fusco President and CEO 8,400 $59.90 $503,182.68

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This Article's Word Cloud:   AMEX   Back   Bargain   Cheaper   Cheniere   Days   Dollars   Energy   Fusco   Insider   Insiders   Jack   Join   Looking   November   Offer   President   Price   Purchased   Seven   Share   Shares   Special   Start   Stocks   Street   Than   There   Title   Tuesday   Value   about   below   buying   chart   cost   hunters   insider   last   only   point   reason   share   shares   stock   that   their   trading   week   with

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