The last time one particular insider bought a bunch of shares in his company’s stock, it rose from about $51 to $65 for an increase of approximately 27.5%…
Now that very same insider has started buying his company’s stock again, and in a very big way!
Could this be the start of another 27% rally…?
NuStar Energy L.P. (NS) is a basic materials company in the oil and gas pipelines industry.
NS is engaged in the terminalling, storage, and marketing of petroleum products, and transportation of petroleum products and anhydrous ammonia primarily in the United States and the Netherlands. The company operates in three segments: Storage, Pipeline, and Fuels Marketing.
And one director of this company just bought 100,000 shares of NS at different prices in the low-$60 range. Those purchases added up to an estimated value of about $6.2 million!
But this isn’t the first time that this insider has bought NS shares…
In March of this year, the same insider purchased nearly $3 million-worth of NS when it was priced around $51. Then he bought another 85,000 or so shares in May valued at nearly $5 million.
Then this insider sat back and watched the price of NS rise up to $65, collecting profits the whole way.
Check out the chart of NS from Stockcharts.com:
You can easily see how that insider was able to get in early on a big rally and ride it all the way up to $65!
And now he’s at it again, buying $6.2 million-worth of shares after NS just recently plateaued.
Is this the beginning of a new rally for this stock?
We simply don’t have enough information to know that for sure. But we can be confident that this insider had some inside info that told him the price of the stock would rise back in March, and he could have new, similar information now.
But this trade is all about timing…
If you would like to know when the best indicators point towards a buy, and the perfect time and price to get in on this trade if that should happen, it could take nothing more than taking our Stock Code Breaker course that teaches all of those thing in an easy, comprehensive format.
Click Here: Get a free Pick and the 7 Secrets to Finding Top Penny Stocks
