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Bullish Two Hundred Day Moving Average Cross - GAM
Wednesday, January 2, 11:33 AM ET, by Market News Video Staff

In trading on Wednesday, shares of General American Investors Incorporated (GAM) crossed above their 200 ...

Grab This Deal Even Lower Than Director Latta Did

By Market News Video Staff, Wednesday, May 23, 4:10 PM ET
Play Video: One Reason For Insiders to Buy


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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 December 16, Zoltek Companies Inc's Director, Michael D. Latta, invested $74,499.00 into 10,000 shares of ZOLT, for a cost per share of $7.45. 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 Wednesday, bargain hunters could buy shares of Zoltek Companies Inc (ZOLT) and achieve a cost basis 1.5% cheaper than Latta, with shares changing hands as low as $7.34 per share. Zoltek Companies Inc shares are currently trading down about 0.5% on the day. The chart below shows the one year performance of ZOLT shares, versus its 200 day moving average:

Zoltek Companies Inc Chart

Looking at the chart above, ZOLT's low point in its 52 week range is $5.60 per share, with $15.01 as the 52 week high point that compares with a last trade of $7.57. 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
12/16/2011 Michael D. Latta Director 10,000 $7.45 $74,499.00

According to the ETF Finder at ETF Channel, ZOLT makes up 3.50% of the Global Wind Energy Portfolio ETF (PWND) which is trading lower by about 1.9% on the day Wednesday.

See what other ETFs contain ZOLT
See what other stocks are held by PWND


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