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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 February 23, Dell Inc's President, John A. Swainson, invested $1,724,988.80 into 100,000 shares of DELL, for a cost per share of $17.25. 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 Friday, bargain hunters could buy shares of Dell Inc (NASDAQ:DELL) and achieve a cost basis even cheaper than Swainson, with shares changing hands as low as $17.24 per share. Dell Inc shares are currently trading down about 0.3% on the day. The chart below shows the one year performance of DELL shares, versus its 200 day moving average:
Looking at the chart above, DELL's low point in its 52 week range is $13.29 per share, with $18.36 as the 52 week high point — that compares with a last trade of $17.33. 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
02/23/2012
John A. Swainson
President
100,000
$17.25
$1,724,988.80
According to the ETF Finder at ETF Channel, DELL makes up 5.16% of the Active Mega Cap Fund ETF (PMA) which is trading lower by about 0.2% on the day Friday.
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One Reason For Insiders to Buy
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