Market News Video
MNV MNV The 10 Most Popular Large-Caps in ETFs
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Charles River Laboratories International Moves Up In Market Cap Rank, Passing Patterson Companies
Thursday, June 8, 4:38 PM ET, by Market News Video Staff

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Charles ...

Synnex Larger Than S&P 500 Component Patterson Companies
Wednesday, June 21, 4:41 PM ET, by Market News Video Staff

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Synnex ...

The New #57 Most Shorted S&P 500 Component: Kellogg
Tuesday, June 27, 2:55 PM ET, by Market News Video Staff

The most recent short interest data has been released for the 06/15/2017 settlement date, and ...

Noteworthy ETF Inflows: FVD, ABT, PDCO, AWR
Wednesday, June 28, 10:51 AM ET, by Market News Video Staff

Symbols mentioned in this story: FVD, ABT, PDCO, AWR Exchange traded funds (ETFs) trade just ...

Patterson Companies Shares Cross Below 200 DMA
Friday, July 7, 4:23 PM ET, by Market News Video Staff

In trading on Friday, shares of Patterson Companies Inc (PDCO) crossed below their 200 day ...

  More articles:  1 2 3 4 5 6 7 next »

Pick Up This Bargain Even Cheaper Than Director Rudnick Did

By Market News Video Staff, Tuesday, November 22, 12:06 PM ET
Play Video: One Reason For Insiders to Buy

If the video does not load after a few moments, Upgrade to the Latest Flash Player.

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 September 8, Patterson Companies Inc's Director, Ellen A Rudnick, invested $56,800.00 into 2,000 shares of PDCO, for a cost per share of $28.40. 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 Patterson Companies Inc (NASDAQ:PDCO) and achieve a cost basis 3.2% cheaper than Rudnick, with shares changing hands as low as $27.48 per share. It should be noted that Rudnick has collected $0.12/share in dividends since the time of their purchase, so they are currently down 2.8% on their purchase from a total return basis. Patterson Companies Inc shares are currently trading down about 4.4% on the day. The chart below shows the one year performance of PDCO shares, versus its 200 day moving average:

Patterson Companies Inc Chart

Looking at the chart above, PDCO's low point in its 52 week range is $26.19 per share, with $36.93 as the 52 week high point that compares with a last trade of $28.03. 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
08/30/2011 John D Buck Director 1,500 $28.22 $42,330.00
09/08/2011 Ellen A Rudnick Director 2,000 $28.40 $56,800.00

PDCO makes up 2.22% of the Rydex S&P 500 Equal Weight Health Care ETF (AMEX:RYH)

PDCO operates in the Drugs & Pharmaceuticals sector, among companies like Aegerion Pharmaceuticals Inc (NASDAQ:AEGR) which is trading flat today, and MAP Pharmaceuticals Inc (MAPP) trading higher by about 0.4%. Below is a three month price history chart comparing the stock performance of PDCO, versus AEGR and MAPP.

PDCO,AEGR,MAPP Relative Performance Chart


The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.

Top Six Most Viewed Stories This Week @ Market News Video:

This Article's Word Cloud:   AEGR   Companies   Director   Ellen   MAPP   PDCO   Patterson   Pharmaceuticals   Rudnick   Share   Trial   about   asset   basis   below   buying   cash   changing   chart   cost   currently   designed   down   earned   hunters   insider   last   like   makes   many   only   performance   point   portfolio   program   purchase   reason   share   shares   stock   that   their   there   they   this   trading   versus   week   which   with
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy - Video Widget
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV MNV Chart Zero Stock Market Game Stock Market Definitions

Pick Up This Bargain Even Cheaper Than Director Rudnick Did | Market News Video | Copyright © 2008 - 2017, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.