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 $1.3M by John B. Reilly III, Director at CrossAmerica Partners LP (CAPL - Get Report).

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Reilly III bets big on CAPL:
Purchased Insider Title Shares Price/Share Value
08/10/2017 John B. Reilly III Director 50,000 $26.00 $1,299,765.00

Reilly III's average cost works out to $26.00/share. Shares of CrossAmerica Partners LP were changing hands at $26.68 at last check, trading up about 1.5% on Monday. The chart below shows the one year performance of CAPL shares, versus its 200 day moving average:

CrossAmerica Partners LP Chart

Looking at the chart above, CAPL's low point in its 52 week range is $23.26 per share, with $29.80 as the 52 week high point — that compares with a last trade of $26.68.

According to the ETF Finder at ETF Channel, CAPL makes up 2.38% of the SuperDividend U.S. ETF ( DIV) which is trading up by about 0.4% on the day Monday.