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Dear Fellow Investor, It’s always a good idea to track insider buying. Especially if insiders are putting a lot of money where their mouths are. However, don’t just use insider buying as a reason to buy. Make sure you also do your own due diligence into the stock, with fundamentals and technical analysis. That being said, here’s what insiders have been buying. Company: Shoe Carnival (SYM: SCVL)
Shoe Carnival Executive Chairman J. Wayne Weaver just bought 285,500 shares for about $9.7 million on December 6. The insider paid $33.91 per share. Technically, the stock is attempting to pivot higher after finding strong support at around $32 a share. Fundamentally, SCVL now trades at less than sales with a price to sales ratio of 0.77. Helping, the company just declared a $0.135 per share dividend, which is payable on January 27 to shareholders of record as of January 13. It also authorized a new buyback program for up to $50 million of its outstanding shares, effective January 1, 2025. Crypto 101 Your Free Book for Crypto Bull Run Riches
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Company: Globalstar (SYM: GSAT) Between December 13 and 17, Chair James Monroe III bought 2.3 million shares for just over $4 million. He paid between $1.8973 and $1.9568 per share. Over the last few weeks, GSAT exploded from a low of about $1.10 to just over $2.70. Now back to $1.91, it’s still a strong opportunity. Helping, the company just announced a collaboration with Hawk Networks to streamline access to its Band 53 spectrum. As noted in a company press release, “Hawk is transforming the way operators access wireless spectrum with a more efficient and flexible approach to utilizing Globalstar’s versatile Band 53 spectrum. Globalstar’s collaboration with Hawk Networks simplifies access to valuable licensed spectrum by bundling it with core network components and other essential infrastructure. This streamlined approach reduces extended wait times and eliminates the complexities of traditional procurement processes. Operators of all sizes can now efficiently access the spectrum and tools needed to build and expand their networks.” Trading Tips Your Guide to the 10 Best AI Stocks Right Now
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(By clicking this link you agree to receive emails from Trading Tips and our affiliates. You can opt out at any time.) Company: ConocoPhillips (SYM: COP) COP Director R.A. Walker bought 10,400 shares at $97.80 each for just over $1 million. Oversold with oil prices, COP is now wildly oversold at $96.18. It’s also over-extended on RSI, MACD, and Williams’ %R. From its current price of $96.18, we’d like to see the COP stock rally back to $107.50 initially. InvestorPlace Media The 2024 TECH RESET
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Do you currently own shares of any stocks you've seen insiders buying? Which ones? Hit "reply" to this email and let us know! | 