7 Stocks Seeing Significant Insider Buying
One of the best ways to spot potential opportunities is by tracking insider buying. Insiders are company executives and people who own more than 10% of a company. After all, these are the people that know the company inside and out. If they’re buying, it’s a confidence boost for the stock. Also, according to Investopedia.com , “A 2003 study by Harvard University’s Leslie A. Jeng and Richard Zeckhauser and Yale University’s Andrew Metrick found that insider purchases beat the market by 11.2% per year.” 7 Long-Term Stocks to Buy in a Bear Market While I’d never buy a stock based on insider buying alone, tracking insiders – especially those with good success – can provide us with a good starting point. SBUX Starbucks Corp. $71.87 CSX CSX Corp. $28.93 CLF Cleveland-Cliffs $17.09 UBER Uber Technologies $21.81 UAL United Airlines Holdings $36.28 BBY Best Buy $70.51 NCLH Norwegian Cruise Line Holdings $11.43 Insider Buying: Starbucks Corp. (SBUX) Source: monticello | Shutterstock.com In May, CEO Howard Schultz bought 210,000 shares of Starbucks Corp. (NASDAQ: SBUX ) for just under $15 million after the stock fell from a high of about $90 to less than $72.50.
7 Stocks Seeing Significant Insider Buying
One of the best ways to spot potential opportunities is by tracking insider buying. Insiders are company executives and people who own more than 10% of a company. After all, these are the people that know the company inside and out. If they’re buying, it’s a confidence boost for the stock. Also, according to Investopedia.com , “A 2003 study by Harvard University’s Leslie A. Jeng and Richard Zeckhauser and Yale University’s Andrew Metrick found that insider purchases beat the market by 11.2% per year.” 7 Long-Term Stocks to Buy in a Bear Market While I’d never buy a stock based on insider buying alone, tracking insiders – especially those with good success – can provide us with a good starting point. SBUX Starbucks Corp. $71.87 CSX CSX Corp. $28.93 CLF Cleveland-Cliffs $17.09 UBER Uber Technologies $21.81 UAL United Airlines Holdings $36.28 BBY Best Buy $70.51 NCLH Norwegian Cruise Line Holdings $11.43 Insider Buying: Starbucks Corp. (SBUX) Source: monticello | Shutterstock.com In May, CEO Howard Schultz bought 210,000 shares of Starbucks Corp. (NASDAQ: SBUX ) for just under $15 million after the stock fell from a high of about $90 to less than $72.50.