David Campbell, President and CEO at Evergy (EVRG), recently bought 7,850 more shares. The buy increased his stake by over 12 percent and came to a total purchase price of just under $500,000.
He was joined by the company CFO, who bought 7,875 shares on the same day. That buy increased his stake by 55 percent, and cost just over $501,000.
This marks the second and third insider buys of the year, following a company director picking up over 2.25 million shares back in April. Looking out farther, insiders have been more likely to be sellers than buyers. Overall, company insiders own 0.3 percent of company shares.
- Man Who Predicted 2008 Crash: “The Mother of All Crashes is Coming”
If you've watched the movie The Big Short,you've heard of Michael Burry. He was one of the few who no only predicated the 2008 crash but profited from it.
He made $750 million for his investors and $100 million personally when his bet against the housing market paid off. His next big prediction?
He's warning the "mother of all crashes" is coming.
If you have any money in the markets, I urge you to click here and get the exact day of the next stock market crash.
Shares of the utility company have underperformed the S&P 500 by about 8 points in the past year. Shares trade at 18 times current and forward earnings, and the company sports a 14 percent profit margin, a high level for a heavily-regulated company like a utility.
Action to take: Investors may like shares here. Besides the potential for further capital gains, shares yield 3.4 percent at current levels, and the dividend has been slightly increased over the past year.
Shares have been in an uptrend in recent weeks. Traders may like the January $65 calls. Last going for about $2.65, they’re a near-the-money trade that could deliver bigger percentage returns if shares continue to rally higher in the next few months.
Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.