Monday 10/25 Insider Buying Report: MLI, HPK

Monday 10/25 Insider Buying Report: MLI, HPK

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 Mueller Industries, a filing with the SEC revealed that on Thursday, Director Gary S.

Gladstein purchased 11,399 shares of MLI, at a cost of $47.71 each, for a total investment of $543,846.

Gladstein was up about 6.6% on the buy at the high point of today's trading session, with MLI trading as high as $50.88 in trading on Monday.

Mueller Industries is trading up about 2.7% on the day Monday.

And on Wednesday, President Michael L.

Hollis bought $454,540 worth of HighPeak Energy, buying 45,454 shares at a cost of $10.00 each.

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

HighPeak Energy is trading up about 14.8% on the day Monday.

So far Hollis is in the green, up about 28.0% on their buy based on today's trading high of $12.80.