Wednesday 5/13 Insider Buying Report: CVX
updated Wednesday, May 13, 10:37 AMAs the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at one noteworthy recent insider buy.
At Chevron Corporation (CVX), a filing with the SEC revealed that on Monday, Director John G. Stumpf bought 180,000 shares of CVX, at a cost of $108.10 each, for a total investment of $19.46M. Chevron Corporation is trading up about 0.3% on the day Wednesday. This buy marks the first one filed by Stumpf in the past twelve months.
For MarketNewsVideo.com, I'm Sayoko Murase.