TBN

Wednesday 7/3 Insider Buying Report: TBN, DHIL

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.

On Friday, Tamboran Resources Corporation (TBN)'s Chief Operating Officer, Faron James Thibodeaux, made a $408,000 purchase of TBN, buying 17,000 shares at a cost of $24.00 each. Tamboran Resources Corporation is trading up about 2.8% on the day Wednesday. This buy marks the first one filed by Thibodeaux in the past year.

And also on Friday, Chief Executive Officer Heather E. Brilliant purchased $76,845 worth of Diamond Hill Investment Group (DHIL), purchasing 550 shares at a cost of $139.72 each. Before this latest buy, Brilliant made one other buy in the past year, purchasing $48,581 shares for a cost of $149.48 a piece. Diamond Hill Investment Group is trading down about 0.8% on the day Wednesday. So far Brilliant is in the green, up about 3.1% on their purchase based on today's trading high of $144.05.

Wednesday 7/3 Insider Buying Report: TBN, DHILVIDEO: Wednesday 7/3 Insider Buying Report: TBN, DHIL

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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