As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy — they expect to make money. So let’s look at two noteworthy recent insider buys.
VIDEO: “Fiscal Cliff” Negotiations Start
President Barack Obama and House Speaker John Boehner outline their positions in the looming battles over the year-end pending automatic tax increases and spending cuts. With the economy at stake, both are vowing to work hard on a deal that avoi
VIDEO: Friday Sector Leaders: Transportation Services, Auto Parts
In trading on Friday, transportation services shares were relative leaders, up on the day by about 4.4%. Leading the group were shares of Zipcar (ZIP), up about 18.9% and shares of Air Lease (AL) up about 4.3% on the day.
VIDEO: Friday Sector Laggards: General Contractors & Builders, Education & Training Services
In trading on Friday, general contractors & builders shares were relative laggards, down on the day by about 2.5%. Helping drag down the group were shares of Hovnanian Enterprises (HOV), off about 5.6% and shares of Pultegroup (PHM) off about 3.7% on the day.
VIDEO: Obama: Americans Agree With My Deficit Approach
President Barack Obama, laying down his marker for grueling budget and tax negotiations, said Friday he won’t accept any approach to deficit reduction that doesn’t ask the wealthy to pay more in taxes.
VIDEO: Analyst Moves: HFC, MPEL
HollyFrontier (HFC) had its numbers increased by Credit Suisse (CS) as the company has been experiencing higher refining growth. A neutral rating was issued with a $53 price target.
VIDEO: Analyst Moves: ADSK, DVN
Autodesk (ADSK) was downgraded by Jefferies (JEF) from buy to hold with a price target of $34, due to weaker sales data. Shares are lower by about 2.25 percent.
VIDEO: Thursday 11/8 Insider Buying Report: TSO, IRWD
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
VIDEO: Thursday Sector Leaders: Credit Services & Lending, Music & Electronics Stores
In trading on Thursday, credit services & lending shares were relative leaders, up on the day by about 2.2%. Leading the group were shares of Global Cash Access Holdings (GCA), up about 11.8% and shares of Consumer Portfolio Services (CPSS) up about 6.1% on the day.
VIDEO: Will U.S.-China Relations Change After China’s Historic Leadership Transition?
The Daily Ticker’s Aaron Task interviews Eurasia Group’s Nick Consonery