Bargain Hunters Take Note: Insider Cluster-Buying At NOG
June 03, 2019 at 15:48 PM 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 Northern Oil & Gas Inc (NOG), 3 different insiders purchased 2,124,060 shares at an average price of $2.14/share, for a total of $4.54M, with the most recent purchase on May 31, 2019.