Smart BPZ Resources (BPZ) Insider Loads 20K Shares

May 21, 2012 4:06 PM EDT Send to a Friend
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After the close, BPZ Resources, Inc. (NYSE: BPZ) COO Richard J. Spies disclsoed the purchase of 20,000 shares on 5/18 at $2.55, bringing his stake to 234,033 shares.

This was the first insider purchase noted since August 2011, when Spies bought 40,000 shares at $2.78. One month later shares were worth 25% more, although they eventually faded lower.


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