Pampa Energia Founder Buys 288,000 Shares. Does That Make PAM a Stock to Buy?
Argentina’s largest integrated energy provider reported a recent insider buy, as the company navigates a regulated and diversified market.
Overview
The founder and chairman of Argentina’s largest integrated energy provider reported a recent stock purchase. What does this mean for other investors?
On June 26, Marcos Marcelo Mindlin of Pampa Energía S.A. (NYSE:PAM), reported an open-market purchase of 287,916 shares at $3.37 per share, according to the SEC Form 4 filing. The filing reported the purchase of shares on the Argentine exchange, converted to U.S. dollars on the day’s exchange rate. U.S.-listed PAM ADRs each represent 25 of the shares Mindlin bought.
Details
Transaction value based on SEC Form 4 reported price ($3.37); post-transaction value based on June 26 market close (data not available).
Source
Originally published at www.fool.com.