Stock Research

Bargain Hunters Take Note: Insider Cluster-Buying At EXXI

Posted on January 02, 2013 at 13:51 PM EST

A particularly strong insider buying signal is what we call a "cluster-buy" where three or more different insiders make open market purchases within a short period of one another. At Energy XXI Bermuda Ltd (EXXI), 4 different insiders purchased 2,673 shares at an average price of $27.35/share, for a total of $73,107, with the most recent purchase on December 31, 2012.