Snag This Bargain Even Cheaper Than Director Tapio Did

By Dividend Channel Staff, Tuesday, August 16, 10:01 AM ET

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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 August 11, Werner Enterprises, Inc.'s Director, Carmen A. Tapio, invested $49,373.06 into 1,170 shares of WERN, for a cost per share of $42.20. 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 Tuesday, bargain hunters could buy shares of Werner Enterprises, Inc. (NASDAQ:WERN) and achieve a cost basis even cheaper than Tapio, with shares changing hands as low as $42.18 per share. Werner Enterprises, Inc. shares are currently trading up about 0.9% on the day. The chart below shows the one year performance of WERN shares, versus its 200 day moving average:

Werner Enterprises, Inc. Chart

Looking at the chart above, WERN's low point in its 52 week range is $36.29 per share, with $48.79 as the 52 week high point — that compares with a last trade of $43.73. By comparison, below is a table showing the prices at which WERN insider buying was recorded over the last six months:

Purchased	Insider	Title	Shares	Price/Share	Value
08/11/2022	Carmen A. Tapio	Director	1,170	$42.20	$49,373.06

The current annualized dividend paid by Werner Enterprises, Inc. is $0.52/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 09/30/2022. Below is a long-term dividend history chart for WERN, which can be of good help in judging whether the most recent dividend with approx. 1.2% annualized yield is likely to continue.

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This Article's Word Cloud: Arial August Back Bargain Bargains Below Carmen Cheaper Days Director Dividend Dollars Enterprises Insider Insiders Join Looking Offer Seven Tapio WERN Werner about annualized below buying chart cost currently dividend escape fillColor hunters insider last most only paid point reason recent share shares stock that their trading week which with

Snag This Bargain Even Cheaper Than Director Tapio Did

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