 |
 |
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| SSRM Trading Below Director's Recent Buy PriceBy Metals Channel Staff, Wednesday, May 17, 11:57 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 May 12, SSR Mining Inc's Director, Arthur Michael Anglin, invested $129,840.00 into 8,000 shares of SSRM, for a cost per share of $16.23. 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 Wednesday, bargain hunters could buy shares of SSR Mining Inc (NASDAQ:SSRM) and achieve a cost basis even cheaper than Anglin, with shares changing hands as low as $16.15 per share. SSR Mining Inc shares are currently trading off about 0.5% on the day. The chart below shows the one year performance of SSRM shares, versus its 200 day moving average:
Looking at the chart above, SSRM's low point in its 52 week range is $12.78 per share, with $21.48 as the 52 week high point — that compares with a last trade of $16.21. By comparison, below is a table showing the prices at which SSRM insider buying was recorded over the last six months:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.
This Article's Word Cloud:
Anglin
Arthur
Back
Bargain
Cheaper
Days
Director
Dollars
Insider
Insiders
Join
Looking
Metals
Michael
Mining
Offer
Price
Purchased
SSRM
Seven
Share
Shares
Special
Start
Stocks
Street
Than
There
Title
Value
ValueForum
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: