Thursday 2/27 Insider Buying Report: CNK, NGL

Thursday 2/27 Insider Buying Report: CNK, NGL

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.

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.

On Wednesday, Cinemark Holdings' Director, Lee Roy Mitchell, made a $2M purchase of CNK, buying 74,800 shares at a cost of $26.71 each.

Bargain hunters can grab CNK even cheaper than Mitchell did, with the stock changing hands as low as $23.70 at last check today which is 11.3% under Mitchell's purchase price.

Cinemark Holdings is trading up about 3.3% on the day Thursday.

And on Tuesday, Chief Executive Officer H.

Michael Krimbill bought $442,250 worth of NGL Energy Partners, buying 50,000 shares at a cost of $8.85 a piece.

Before this latest buy, Krimbill bought NGL at 4 other times during the past year, for a total cost of $3.09M at an average of $10.82 per share.

NGL Energy Partners is trading up about 0.1% on the day Thursday.

Bargain hunters are able to snag NGL even cheaper than Krimbill did, with shares changing hands as low as $7.73 in trading on Thursday which is 12.6% below Krimbill's purchase price.