Top Buys by Directors: Le's $448.9K Bet on SLB

By Energy Stock Channel Staff, Friday, February 19, 3:01 PM ET

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Top Insider Buys By Company Directors »

The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock 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 company directors over the trailing six month period, one of which was a total of $448.9K by Peuch Olivier Le, Chief Executive Officer at Schlumberger Ltd (NYSE:SLB).

Le bets big on SLB:

Purchased	Insider	Title	Shares	Price/Share	Value
09/14/2020	Peuch Olivier Le	Chief Executive Officer	25,000	$17.95	$448,850.00

Le's average cost works out to $17.95/share. Shares of Schlumberger Ltd were changing hands at $26.03 at last check, trading up about 1.8% on Friday. The chart below shows the one year performance of SLB shares, versus its 200 day moving average:

Schlumberger Ltd Chart

Looking at the chart above, SLB's low point in its 52 week range is $11.87 per share, with $34.7073 as the 52 week high point — that compares with a last trade of $26.03.

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Top Buys by Directors: Le's $448.9K Bet on SLB

Top Buys by Directors: Le's $448.9K Bet on SLB | www.EnergyStockChannel.com