Bargain Hunters Take Note: Insider Cluster-Buying At HES
March 03, 2017 at 11:59 AM EST
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 Hess Corp (HES), 11 different insiders purchased 6,292 shares at an average price of $51.71/share, for a total of $325,359, with the most recent purchase on February 28, 2017.