DividendChannel.com
Top Buys by Top Brass: Chief Executive Officer Massey's $933.2K Bet on CNNEBy Dividend Channel Staff, Tuesday, November 14, 4:35 PM ETA company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. 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 — 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 the ''top brass'' over the trailing six month period, one of which was a total of $933.2K by Richard N. Massey, Chief Executive Officer at Cannae Holdings Inc (NYSE:CNNE). Massey bets big on CNNE:
Massey's average cost works out to $18.66/share. In trading on Tuesday, bargain hunters could buy shares of Cannae Holdings Inc (NYSE:CNNE) and achieve a cost basis lower than Massey, with shares changing hands as low as $17.98 per share. Shares of Cannae Holdings Inc were changing hands at $18.25 at last check, trading up about 3.3% on Tuesday. The chart below shows the one year performance of CNNE shares, versus its 200 day moving average:
Looking at the chart above, CNNE's low point in its 52 week range is $15.93 per share, with $25.5511 as the 52 week high point — that compares with a last trade of $18.25. Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter
This Article's Word Cloud:
Bets
Brass
Buys
CNNE
Cannae
Channel
Chief
Dividend
Executive
Holdings
Insider
Insiders
Looking
Massey
NYSE
Newsletter
Offer
Officer
Place
Premium
Presumably
Price
Purchased
Richard
Shares
Tuesday
average
best
buys
changing
chart
company
cost
hands
insider
last
make
maybe
mdash
point
share
shares
stock
take
that
their
they
trading
week
with
|
Start slideshow:Top Buys by Top Brass: Chief Executive Officer Massey's $933.2K Bet on CNNE | www.DividendChannel.com
Copyright © 2010 - 2024, All Rights Reserved Nothing in Dividend Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Dividend Channel; Meet Our Editorial Staff.