Oneok Inc (OKE, +1, June 29th)

Brian Derksen (Non-Executive since 2015) purchased $292,000 of stock on the 28th June at $59.59, increasing his stake by 36%. He has timed his buys well, most notable making his largest previous buy at $22.70 in March 2020 and it’s very notable that he is now making his largest buy and paying a price more than 150% higher. He was previously Global Deputy Chief Executive Officer of Deloitte Touche Tohmatsu. 

The purchase shows confidence in the recently proposed $14B acquisition of Magellan Midstream Partners (MMP).

We are ranking the stock +1.

If you want to have Stock of the Week with insider buying stocks information and analysis in your email, don’t forget to subscribe!
Follow us on LinkedIn and Twitter

Check our Signals Performance and if you want to know more about this Signals Service, please, email us at sales_admin@smartinsider.com or fill in the Contact Us form here.