MPC

Monday 12/9 Insider Buying Report: MPC, PETS

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 Marathon Petroleum, a filing with the SEC revealed that on Wednesday, Jeffrey C. Campbell bought 6,000 shares of MPC, for a cost of $149.61 each, for a total investment of $897,644. So far Campbell is in the green, up about 4.1% on their buy based on today's trading high of $155.75. Marathon Petroleum is trading up about 2.1% on the day Monday. This purchase marks the first one filed by Campbell in the past twelve months.

And at PetMed Express, there was insider buying on Thursday, by Director Leslie C.G. Campbell who bought 60,000 shares at a cost of $5.41 each, for a total investment of $324,636. This buy marks the first one filed by Campbell in the past twelve months. PetMed Express is trading up about 16.2% on the day Monday. Campbell was up about 26.6% on the buy at the high point of today's trading session, with PETS trading as high as $6.85 in trading on Monday.

Monday 12/9 Insider Buying Report: MPC, PETSVIDEO: Monday 12/9 Insider Buying Report: MPC, PETS

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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