EPD Trading Below Director's Recent Buy Price

By Energy Stock Channel Staff, Monday, November 28, 11:14 AM ET

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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 23, Enterprise Products Partners L.P.'s Director, John R. Rutherford, invested $248,824.00 into 10,000 shares of EPD, for a cost per share of $24.88. Bargain hunters tend to pay particular attention to insider buys like this one, because 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.

In trading on Monday, bargain hunters could buy shares of Enterprise Products Partners L.P. (NYSE:EPD) and achieve a cost basis 2.0% cheaper than Rutherford, with shares changing hands as low as $24.38 per share. Enterprise Products Partners L.P. shares are currently trading down about 0.7% on the day. The chart below shows the one year performance of EPD shares, versus its 200 day moving average:

Enterprise Products Partners L.P. Chart

Looking at the chart above, EPD's low point in its 52 week range is $20.42 per share, with $28.6499 as the 52 week high point — that compares with a last trade of $24.54. By comparison, below is a table showing the prices at which EPD insider buying was recorded over the last six months:

Purchased	Insider	Title	Shares	Price/Share	Value
06/24/2022	Carin Marcy Barth	Director	19,050	$23.64	$450,303.90
08/04/2022	John R. Rutherford	Director	6,500	$25.78	$167,542.70
11/23/2022	John R. Rutherford	Director	10,000	$24.88	$248,824.00

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This Article's Word Cloud: Back Bargain Barth Carin Cheaper Days Director Dollars Energy Enterprise Insider Insiders John Join Looking Marcy Monday NYSE November Offer Partners Price Products Purchased Rutherford Seven Share Shares Special Start Stocks about below buying chart cost hunters insider last only point reason share shares stock that their trading week with

EPD Trading Below Director's Recent Buy Price

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