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Stock impact report

Independent Director of Northern Oil and Gas Roy Easley Buys 43% More Shares [Yahoo! Finance]

Northern Oil and Gas, Inc. (NOG) 
NASDAQ:AMEX Investor Relations: northernoil.com
Company Research Source: Yahoo! Finance
Director of the company, who spent a stonking US$601k on stock at an average price of US$24.03. Not only is that a big swing, but it increased their holding size by 43%, which is definitely great to see. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. The Independent Chairperson of the Board of Directors Bahram Akradi made the biggest insider purchase in the last 12 months. That single transaction was for US$1.1m worth of shares at a price of US$28.03 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$22.61). Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a highe Show less Read more
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