Not a massive amount of money, but definitely a strong signal with the purchases being so wide spread. Of course, it could just be a internal scam to trick outside investors.
The interesting opportunity presented investors today is the ability to buy shares at prices lower the insiders. As much as people think the game is rigged, other people realize that it does present opportunities to buy at the same price as people with inside knowledge.
TEX has been saying for a long time that its business has been picking up, but the market has ignored them for the post part. It wouldn't be the first time that insiders were blind to changes in the global economy.
TEX is a solid holding in our Opportunistic models as below so we're definitely hoping this insiders know what they are doing.
Data per Yahoo Market Pulse:
Stone Fox Capital holds an allocation of 3.4% in $TEX in his Opportunistic Arbitrage Long Only Covestor Model
Disclosure: Long TEX. Please review the disclaimer page for more details.