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Top Buys by Top Brass: COO Gluski's $199.2K Bet on AES

By Energy Stock Channel Staff, Friday, February 3, 12:08 PM ET
Play Video: One Reason For Insiders to Buy

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A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. 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 maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $199.2K by Andres Gluski, COO at AES Corp. (NYSE:AES).

Gluski bets big on AES:

Purchased Insider Title Shares Price/Share Value
09/06/2011 Andres Gluski Executive VP & COO 19,940 $9.99 $199,200.60

Gluski's average cost works out to $9.99/share. Shares of AES Corp. were changing hands at $12.99 at last check, trading down about 0.1% on Friday. The chart below shows the one year performance of AES shares, versus its 200 day moving average:

AES Corp. Chart

Looking at the chart above, AES's low point in its 52 week range is $9.00 per share, with $13.50 as the 52 week high point that compares with a last trade of $12.99.

According to the ETF Finder at ETF Channel, AES makes up 2.55% of the Rydex S&P 500 Equal Weight Utilities ETF (AMEX:RYU) which is trading up by about 0.4% on the day Friday.

See what other ETFs contain AES
See what other stocks are held by RYU


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.

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