There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 8, NRG Yield Inc's CEO, Christopher S. Sotos, invested $100,275.20 into 6,400 shares of NYLD, for a cost per share of $15.67. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.In trading on Monday, bargain hunters could buy shares of NRG Yield Inc ( NYLD) and achieve a cost basis 4.9% cheaper than Sotos, with shares changing hands as low as $14.90 per share. NRG Yield Inc shares are currently trading trading flat on the day. The chart below shows the one year performance of NYLD shares, versus its 200 day moving average: Looking at the chart above, NYLD's low point in its 52 week range is $10.49 per share, with $18.56 as the 52 week high point — that compares with a last trade of $15.20. By comparison, below is a table showing the prices at which NYLD insider buying was recorded over the last six months:
|11/08/2016||Christopher S. Sotos||President and CEO||6,400||$15.67||$100,275.20|
|11/08/2016||Chad Plotkin||SVP and CFO||1,280||$15.63||$20,004.61|
According to the ETF Finder at ETF Channel, NYLD makes up 2.14% of the PowerShares WilderHill Progressive Energy Portfolio ETF ( PUW) which is trading higher by about 0.9% on the day Monday.