Recent Insider Buying Insights: HP and FTHY

Recent insider buying activity has been noted for Helmerich & Payne and First Trust High Yield Opportunities 2027 Term Fund, signaling potential positive sentiment from insiders. This report highlights the purchases and their implications for investors looking at these two stocks.

Date: 02-10-2024

AI Rating: 7

Recent insider buying at Helmerich & Payne (HP) and First Trust High Yield Opportunities 2027 Term Fund (FTHY) may positively impact their stock prices.

For Helmerich & Payne, the insider buy by Senior VP and CFO J. Kevin Vann of 3,300 shares at $30.19, amounting to $99,627, shows confidence as he is already up 7.9% based on a trading high of $32.59. The stock is currently trading up 0.3%, suggesting a potentially positive trend influenced by insider activity.

Meanwhile, in the case of First Trust High Yield Opportunities 2027 Term Fund, Director James A. Bowen purchased 4,370 shares for $15.20 each, totaling $66,424. Bowen has made multiple purchases over the past year, accumulating a total investment of $1.67 million at an average price of $14.49 per share. Despite a 0.1% decline on the day, the price at which investors can acquire FTHY is currently about 1.6% below Bowen's latest acquisition price, potentially signalling a buying opportunity for others.

Insider buying typically signals confidence in the future performance of these stocks, which may attract further investor interest and could lead to upward price movement.

Stocks: HP FTHY