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Friday 7/26 Insider Buying Report: CCI, EIC

Video Credit: Market News Video - Duration: 00:54s - Published
Friday 7/26 Insider Buying Report: CCI, EIC

Friday 7/26 Insider Buying Report: CCI, EIC

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.

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 Crown Castle International Corp (CCI), a filing with the SEC revealed that on Tuesday, Director J.

Landis Martin bought 16,300 shares of CCI, at a cost of $127.33 each, for a total investment of $2.08M.

So far Martin is in the green, up about 2.6% on their buy based on today's trading high of $130.67.

Crown Castle International Corp is trading up about 0.2% on the day Friday.

Before this latest buy, Martin purchased CCI at 2 other times during the past year, for a total investment of $3.35M at an average of $118.58 per share.

And at Eagle Point Income Company (EIC), there was insider buying on Wednesday, by CEO Thomas P.

Majewski who bought 10,100 shares for a cost of $19.89 each, for a total investment of $200,889.

This buy marks the first one filed by Majewski in the past twelve months.

Eagle Point Income Company is trading down about 0.3% on the day Friday.

Bargain hunters are able to buy EIC at a price even lower than Majewski did, with the stock trading as low as $19.57 in trading on Friday — that's 1.6% below Majewski's purchase price.




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