BMC Crosses Below Key Moving Average Level Thursday, November 8, 1:37 PM ET, by Market News Video Staff In trading on Thursday, shares of BMC Software, Inc. (BMC) crossed below their 200 day ...
Autodesk Inc. (ADSK) Shares Cross Above 200 DMA Tuesday, December 11, 11:36 AM ET, by Market News Video Staff In trading on Tuesday, shares of Autodesk Inc. (ADSK) crossed above their 200 day moving ...
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 3, BMC Software, Inc.'s Director, Stephan A James, invested $99,982.51 into 2,827 shares of BMC, for a cost per share of $35.37. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.
In trading on Tuesday, bargain hunters could buy shares of BMC Software, Inc. (NASDAQ:BMC) and achieve a cost basis 2.7% cheaper than James, with shares changing hands as low as $34.41 per share. BMC Software, Inc. shares are currently trading down about 1.4% on the day. The chart below shows the one year performance of BMC shares, versus its 200 day moving average:
Looking at the chart above, BMC's low point in its 52 week range is $32.91 per share, with $56.55 as the 52 week high point — that compares with a last trade of $34.57. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
Purchased
Insider
Title
Shares
Price/Share
Value
11/03/2011
Stephan A James
Director
2,827
$35.37
$99,982.51
According to the ETF Finder at ETF Channel, BMC makes up 5.31% of the Software HOLDRS ETF (SWH) which is trading up by about 0.2% on the day Tuesday.
BMC operates in the Application Software sector, among companies like Electronic Arts, Inc. (ERTS) which is up about 0.6% today, and Autodesk Inc. (NASDAQ:ADSK) trading lower by about 3.3%. Below is a three month price history chart comparing the stock performance of BMC, versus ERTS and ADSK.
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