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 $1M invested across 2 purchases by John C. Wilder Jr., Director at Exco Resources Inc. (XCO).Wilder Jr. bets big on XCO:
|11/09/2015||John C. Wilder Jr.||Director||297,100||$1.06||$315,401.36|
|11/11/2015||John C. Wilder Jr.||Director||639,839||$1.08||$692,399.33|
According to the ETF Finder at ETF Channel, XCO makes up 4.56% of the First Trust ISE-Revere Natural Gas Index Fund ETF ( FCG) which is trading higher by about 0.2% on the day Friday.