Top Buys by Directors: Glick's $100.3K Bet on TTI

The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $100.3K by John F. Glick, Director at TETRA Technologies, Inc. (TTI).

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Glick bets big on TTI:
Purchased Insider Title Shares Price/Share Value
03/06/2015 John F. Glick Director 18,100 $5.54 $100,274.00

Glick's average cost works out to $5.54/share. Shares of TETRA Technologies, Inc. were changing hands at $6.74 at last check, trading down about 3% on Thursday. The chart below shows the one year performance of TTI shares, versus its 200 day moving average:

TETRA Technologies, Inc. Chart

Looking at the chart above, TTI's low point in its 52 week range is $4.72 per share, with $12.11 as the 52 week high point — that compares with a last trade of $6.74.

According to the ETF Finder at ETF Channel, TTI makes up 1.23% of the SPDR S&P Oil & Gas Equipment & Services ETF ( XES) which is trading lower by about 1.7% on the day Thursday.

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