Friday 12/19 Insider Buying Report: UNT
The Online Investor - Fri., Dec. 19, 3:37 PM
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 dollars to make a purchase, is that they expect to make money. Today we look at one noteworthy recent insider buy.
On Wednesday, Unit Corp. (UNT)'s Director, John G. Nikkel, made a $364,804 buy of UNT, purchasing 11,000 shares at a cost of $33.16 a piece. Nikkel was up about 8.4% on the purchase at the high point of today's trading session, with UNT trading as high as $35.96 in trading on Friday. Unit Corp. is trading up about 3.1% on the day Friday. This buy marks the first one filed by Nikkel in the past year.