Tuesday 12/23 Insider Buying Report: EOG, SLCA
updated Tuesday, December 23, 4:14 PMBargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Friday, EOG Resources (EOG)'s Director, Donald F. Textor, made a $278,568 buy of EOG, purchasing 3,000 shares at a cost of $92.86 a piece. Textor was up about 3.6% on the buy at the high point of today's trading session, with EOG trading as high as $96.24 in trading on Tuesday. EOG Resources is trading up about 1% on the day Tuesday. This buy marks the first one filed by Textor in the past twelve months.
And on Thursday, Director Charles W. Shaver bought $148,445 worth of US Silica Holdings (SLCA), buying 5,500 shares at a cost of $26.99 a piece. Before this latest buy, Shaver made one other purchase in the past twelve months, buying $147,400 shares for a cost of $26.80 a piece. US Silica Holdings is trading up about 4% on the day Tuesday.
For MarketNewsVideo.com, I'm Sayoko Murase.