Sep 24, 2020
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Wednesday 11/30 Insider Buying Report: MHK, SRE

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As the saying goes there are many possible reasons for an insider to sell a stock but just one reason to purchase — they expect to make money. So let s look at two noteworthy recent insider buys. At Mohawk Industries (MHK) a filing with the SEC revealed that on Monday Director Frans Georges De Cock bought 3 750 shares of MHK for a cost of $200

 

00 each for a total investment of $750 000. Mohawk Industries is trading off about 0. 2% at the day Wednesday. This buy marks the 1st one filed by De Cock ago year. And on Tuesday Director Alan L. Boeckmann purchased $609 116 worth of Sempra Energy (SRE) purchasing 6 000 shares at a cost of $101

 

52 a piece. This buy marks the 1st one filed by Boeckmann ago year. Sempra Energy is trading down about 0. 1% at the day Wednesday. Bargain hunters may be able to snag SRE even cheaper than Boeckmann did with shares trading as low as $99. 60 at last check today — that s 1

 

9% under Boeckmann s purchase price

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