Sempra Pick of the Week at Smart Insider Following Directors' Stock Purchases

MT Newswires Live03-18 16:42

Sempra (SRE) was Smart Insider's stock pick of the week after independent director Cynthia Warner acquired $232,375 worth of company shares on March 11 at $92.95 apiece, raising her stake by 28%.

Warner had one previous purchase of $50,000 in March last year, and it's "encouraging" to see her buy shares again at a 30% higher price, Smart Insider said in a Wednesday note.

Additionally, director Richard Mark also bought $251,164 worth of Sempra shares on the same date, raising his stake by 18%, according to the note, adding that Mark also acquired shares at a higher price than his prior "well-timed" investments.

Smart Insider ranked the stock +1, or strong positive signal, on March 12.

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