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Top Buys by Directors: Owens's $274.8K Bet on GEOS

By Energy Stock Channel Staff, Wednesday, March 22, 2:26 PM ET

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 $274.8K by Gary D. Owens, Director at Geospace Technologies Corp (NASDAQ:GEOS).

Owens bets big on GEOS:

Purchased Insider Title Shares Price/Share Value
02/22/2023 Gary D. Owens Director 50,000 $5.50 $274,766.62

Owens's average cost works out to $5.50/share. Shares of Geospace Technologies Corp were changing hands at $6.62 at last check, trading up about 5% on Wednesday. The chart below shows the one year performance of GEOS shares, versus its 200 day moving average:

Geospace Technologies Corp Chart

Looking at the chart above, GEOS's low point in its 52 week range is $3.76 per share, with $7.1717 as the 52 week high point — that compares with a last trade of $6.62.

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This Article's Word Cloud:   Buys   Company   Corp   Days   Director   Directors   Dollars   GEOS   Gary   Geospace   Insider   Join   Looking   Offer   Owens   Presumably   Price   Purchased   Seven   Share   Shares   Special   Start   Technologies   Title   Value   ValueForum   Wednesday   about   above   average   below   bets   both   buys   chart   company   directors   last   make   maybe   mdash   point   share   stock   take   that   they   week   with

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