Monday 7/12 Insider Buying Report: TPL, RAPT

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money.

Today we look at two noteworthy recent insider buys.

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money.

Today we look at two noteworthy recent insider buys.

At Texas Pacific Land, a filing with the SEC revealed that on Thursday, Director Murray Stahl bought 25 shares of TPL, for a cost of $1460.07 each, for a total investment of $36,502.

Stahl was up about 4.0% on the purchase at the high point of today's trading session, with TPL trading as high as $1518.00 in trading on Monday.

Texas Pacific Land is trading up about 0.3% on the day Monday.

Before this latest buy, Stahl bought TPL on 115 other occasions during the past twelve months, for a total investment of $5.24M at an average of $1319.19 per share.

And on Wednesday, Wendye Robbins bought $30,180 worth of RAPT Therapeutics, buying 1,000 shares at a cost of $30.18 a piece.

Before this latest buy, Robbins purchased RAPT on 6 other occasions during the past twelve months, for a total investment of $118,952 at an average of $22.42 per share.

RAPT Therapeutics is trading trading flat on the day Monday.

Robbins was up about 13.0% on the buy at the high point of today's trading session, with RAPT trading as high as $34.10 in trading on Monday.