EnergyStockChannel
Top Buys by Top Brass: EVP- Electricty Segment Krieger's $167.3K Bet on ORABy Energy Stock Channel Staff, Friday, February 12, 2:06 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 $167.3K by Zvi Krieger, EVP- Electricty Segment at Ormat Technologies Inc (NYSE:ORA). Krieger bets big on ORA:
Krieger's average cost works out to $55.77/share. Shares of Ormat Technologies Inc were changing hands at $118.64 at last check, trading off about 4.8% on Friday. The chart below shows the one year performance of ORA shares, versus its 200 day moving average:
Looking at the chart above, ORA's low point in its 52 week range is $53.44 per share, with $128.87 as the 52 week high point — that compares with a last trade of $118.64. Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter
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