Bargain Hunters Take Note: Insider Cluster-Buying At CLMT
May 12, 2016 at 10:50 AM EDT
A particularly strong insider buying signal is what we call a "cluster-buy" where three or more different insiders make open market purchases within a short period of one another. At Calumet Specialty Product Partners LP (CLMT), 3 different insiders purchased 68,000 shares at an average price of $4.07/share, for a total of $276,710, with the most recent purchase on May 9, 2016.