Tuesday 4/20 Insider Buying Report: PHX, JOB

Tuesday 4/20 Insider Buying Report: PHX, JOB

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.

So let's look at two noteworthy recent insider buys.

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.

So let's look at two noteworthy recent insider buys.

At PHX Minerals Inc (PHX), a filing with the SEC revealed that on Tuesday, Director Christopher T.

Fraser purchased 80,000 shares of PHX, at a cost of $2.00 each, for a total investment of $160,000.

PHX Minerals Inc is trading up about 9.4% on the day Tuesday.

Before this latest buy, Fraser made one other purchase in the past twelve months, buying $163,000 shares at a cost of $1.63 each.

And at GEE Group Inc (JOB), there was insider buying on Monday, by Senior Vice President, CFO Kim D.

Thorpe who purchased 83,333 shares for a cost of $0.60 each, for a trade totaling $50,000.

This buy marks the first one filed by Thorpe in the past twelve months.

GEE Group Inc is trading up about 1.9% on the day Tuesday.