Bayou City Energy Management LLC increased their ownership by 12%. They purchased 422,000 shares worth $2,065,360 at an average price of $4.89. At the moment of filing the shares were priced at $4.74. Take profit at 8%, stop loss at 10%, close automatically after 14 days.
Director buys 20,000 shares. What does he know that we don't?
Large insider buying in SBBP started on July 18th and more on July 23rd. Bullish signal!
Director and Major Shareholder bought large amounts of shares over the past week, nice swing trade opportunity.
Average volatility, last time when CEO bought big (December 2017) stock jumped nearly 50%