Insider buying refers to the purchase of stock by company executives, directors of the board, and major stakeholders (those holding 10% or more of the outstanding shares). As an indicator, investors generally follow insider buying activity for one reason - when these top-level company insiders are buying stock with their own money, it's usually because they think the share price is going higher. And because these insiders often have greater-than-average insights into the company's operations, financial standing, and strategic plans, their decision to invest is often interpreted as a strong bullish signal.
Amid recent tensions in the Red Sea, energy prices were back in focus last week - including natural gas (NGG24). However, the insider buying trend on one top natural gas stock stretches far back beyond the most recent supply disruption. Here's a closer look.
