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Article: Vickers Weekly Insider Report states corporate insiders at oil and gas companies are buying their own stocks in impressive numbers.
- Article from:
- PR Newswire
- Article date:
- April 25, 1986
CopyrightCOPYRIGHT 1986 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, April 25 /PRNewswire/ -- Despite the gloom surrounding energy stocks, corporate insiders at oil and gas companies have been buying their own stocks in impressive numbers, says Edwin A. Buck, editor of Vickers Weekly Insider Report.
"Our Insiders' Index recently rated 141 oil and gas equities. Oil and gas stocks averaged a plus 4.19, while the Buck Average (average of all stocks in the index) read minus 12.79. Oil and gas issues ranked second only to investment companies," he said. "Positive numbers for the index and average indicate increased insider confidence, while negative numbers show less support.
Buck says there is historic ...
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