Bargain Hunters Take Note: Insider Cluster-Buying At SXC
February 12, 2015 at 11:21 AM EST
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 SunCoke Energy Inc (SXC), 3 different insiders purchased 37,399 shares at an average price of $16.30/share, for a total of $609,546, with the most recent purchase on February 4, 2015.