Friday 4/3 Insider Buying Report: SLB

Friday 4/3 Insider Buying Report: SLB

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money.

Today we look at one noteworthy recent insider buy.

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money.

Today we look at one noteworthy recent insider buy.

At Schlumberger, a filing with the SEC revealed that on Tuesday, Chief Executive Officer Peuch Olivier Le bought 10,000 shares of SLB, at a cost of $13.77 each, for a total investment of $137,650.

Le was up about 6.1% on the purchase at the high point of today's trading session, with SLB trading as high as $14.60 in trading on Friday.

Schlumberger is trading up about 1.2% on the day Friday.

This purchase marks the first one filed by Le in the past year.