Thursday 5/25 Insider Buying Report: BTU, SBH
Metals Channel - Thursday, May 25, 1:37 PM
As 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 two noteworthy recent insider buys.
At Peabody Energy, a filing with the SEC revealed that on Monday, PRESIDENT AND CEO Glenn L. Kellow bought 8,520 shares of BTU, at a cost of $23.49 each, for a total investment of $200,135. So far Kellow is in the green, up about 4.7% on their buy based on today's trading high of $24.60. Peabody Energy is trading up about 0.1% on the day Thursday.
And on Wednesday, CEO Christian A. Brickman purchased $176,098 worth of Sally Beauty Holdings, purchasing 10,000 shares at a cost of $17.61 a piece. Before this latest buy, Brickman purchased SBH on 2 other occasions during the past year, for a total investment of $377,859 at an average of $18.89 per share. Sally Beauty Holdings is trading up about 1.8% on the day Thursday.
