Top 3 Stocks with Unusual Insider Buying
Earn exceptional risk-adjusted returns with Sumfolio.com's quarterly value stock picks!
Verizon Communications Inc. (NYSE:VZ), Schnitzer Steel Industries, Inc. (NASDAQ:SCHN), and Tyco Electronics Ltd. (NYSE:TEL) are three stocks with significant open market insider purchasing, according to data from Form4Oracle.com’s Insider Monitoring Service.
Verizon CEO and CFO Pick Up Shares
Verizon Communications Inc. (VZ, Free Analysis), a provider of communications services in the U.S. and 150 other countries, saw significant open market insider purchasing that amounted to $655,910. At prices ranging from $28.79 to $29.26, President and CEO Lowell McAdams and CFO John Killian substantially increased their stakes in the company.
The news comes after the company reported strong fourth quarter results, which included strong wireless customer and data growth and higher operating cash flows. However, the stock continues to trade near its 52-week low with a dividend yield of 6.61%, as investors remain nervous about the robustness of the global economic recovery.
View Free Insider Trading Report for VZ
Are Schnitzer Shares are a Steel?
Schnitzer Steel Industries, Inc. (SCHN, Free Analysis), a recycler of ferrous and nonferrous metals, saw a significant open market insider purchase amounting to $2,177,195 on February 5, 2010. At prices ranging from $41.97 to $42.70, Directors Wayland Hicks and William Furman substantially increased their holdings.
The transaction comes after the steel company’s shares fell more than 20% since its January highs despite reporting a solid first quarter. Meanwhile, the steel sector as a whole underperformed the market with a 12.4% drop in January as early gains in the industry, including those by SCHN, were offset by other weaker-than-expected reports.
View Free Insider Report for SCHN
Tyco Director Sees a Promising Future for Tyco
Tyco Electronics Ltd. (TEL, Free Analysis), a global provider of engineered electronic components and related products, saw a significant open market insider purchase by Director Fredric Poses amounting to $1 million on February 3, 2010. At a price of $25.35 per share, the transaction amounted to a 24% increase in the insider’s holdings.
The transaction comes after the electronics company blew away its first quarter earnings expectations by 20.51% with EPS of 47 cents versus a consensus of 39 cents. Meanwhile, sales jumped 7% to $2.9 billion compared to last year and were also up 7% sequentially. Still, the company continues to trade at a compelling valuation with a PEG ratio of just 0.96.
View Free Insider Trading Report for TEL
Form4Oracle.com provides a free list of insider transactions for any stock, and offers a premium service that can help investors discover new opportunities, create watchlists, receive alerts, and view industry and market trends with just a few clicks. For a limited time only, Sumfolio.com readers can receive a free 2-week trial of this service by clicking here!
Join Now, It's FREE!
Membership Benefits
- Memebers' Only Newsletter - Our premium members' only newsletter contains unique stock picks and market commentary not available on-site.
- Unlimited Traders' Forum Access - Members receive access to members' only portions of the forum that aren't viewable by the public, along with the ability to post on our forum.
- Free Educational Resources - Members have exclusive access to our free educational materials, as well as discounted prices on our premium educational materials.
