6 Stocks Insiders Are Buying Now
Insider buying usually means those in the know have a lot of faith in the stock. Below are six stocks insiders are buying now. Plains All American Pipeline LP ( PAA ): This oil and gas pipeline company has a yield of 8.6% and a low P|E multiple. Recently a major director bought $2 million of the master limited partnership’s shares. Chegg ( CHGG ): Insiders have been buying this educational direct-to-student learning platform since the end of last year . Moreover, Chegg just declared a doubling of its $1 billion buyback program. DaVita ( DVA ): The COO of this kidney dialysis laboratory and center, based in Denver, recently purchased a large number of its shares. This should encourage investors to follow suit, as the stock is cheap at 7.8x earnings and with a 31% earnings growth forecast for 2023. Chesapeake Energy Corp ( CHK ): The oil and gas company’s COO increased his stake by 1o% in this value play, which has a 2.0% dividend yield and 5.7x forward earnings multiple for 2023. Kyndryl Holdings ( KD ): The CEO of this IT cloud services company bought 11% more shares in May.
6 Stocks Insiders Are Buying Now
Insider buying usually means those in the know have a lot of faith in the stock. Below are six stocks insiders are buying now. Plains All American Pipeline LP ( PAA ): This oil and gas pipeline company has a yield of 8.6% and a low P|E multiple. Recently a major director bought $2 million of the master limited partnership’s shares. Chegg ( CHGG ): Insiders have been buying this educational direct-to-student learning platform since the end of last year . Moreover, Chegg just declared a doubling of its $1 billion buyback program. DaVita ( DVA ): The COO of this kidney dialysis laboratory and center, based in Denver, recently purchased a large number of its shares. This should encourage investors to follow suit, as the stock is cheap at 7.8x earnings and with a 31% earnings growth forecast for 2023. Chesapeake Energy Corp ( CHK ): The oil and gas company’s COO increased his stake by 1o% in this value play, which has a 2.0% dividend yield and 5.7x forward earnings multiple for 2023. Kyndryl Holdings ( KD ): The CEO of this IT cloud services company bought 11% more shares in May.