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VIDEOTicker Shock: Three Companies Insiders Are Buying; Should You?
Friday's top stories and stocks with potential to move.
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Asian stocks were a mixed bag. The Hang Seng was up a fraction and the Nikkei was down a fraction. Meanwhile, Europe was in (slightly) negative territory this morning. And here in the US, we're currently trading lower.
Here's what I’m focused on this morning:
Insider Plays?
I was doing some background homework and trolling around for bargains this morning. According to data on Zacks.com, there are a bunch of companies trading under book value - and whose stocks insiders have been buying. A few that stood out:
Rick’s Cabaret (RICK):
I touched briefly on this Wednesday, and Professor Rohrlich penned an article about the chain of gentleman’s clubs the week before.
Wells Fargo (WFC):
I cross-checked this one against Yahoo Finance, and it seems insiders at the California-based bank were bellying up to the bar earlier this month.
Zales (ZLC):
Although the near-term outlook for jewelry in general might not be all that shiny, insiders at Zale seem optimistic that things will eventually get brighter.
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