Friday 12/14 Insider Buying Report: GMS, TELL
The Online Investor - 2 hours, 21 minutes ago
Bargain 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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At GMS, a filing with the SEC revealed that on Wednesday, Director Ronald R. Ross purchased 100,000 shares of GMS, at a cost of $15.63 each, for a total investment of $1.56M. GMS is trading up about 6.8% on the day Friday. This buy marks the first one filed by Ross in the past twelve months.
And at Tellurian, there was insider buying on Thursday, by Director Don A. Turkleson who bought 87,680 shares for a cost of $6.75 each, for a total investment of $591,840. This purchase marks the first one filed by Turkleson in the past twelve months. Tellurian is trading up about 2.4% on the day Friday. Turkleson was up about 7.6% on the purchase at the high point of today's trading session, with TELL trading as high as $7.26 in trading on Friday.
For MarketNewsVideo.com, I'm Sayoko Murase.