Bargain Hunters Take Note: Insider Cluster-Buying At TEP
September 17, 2014 at 10:53 AM EDT
A particularly strong insider buying signal is what we call a "cluster-buy" where three or more different insiders make open market purchases within a short period of one another. At Tallgrass Energy Partners, LP (TEP), 3 different insiders purchased 13,270 shares at an average price of $43.73/share, for a total of $580,254, with the most recent purchase on September 15, 2014.