 |
 |
 |
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Only Twelve Dow Components With Recent Insider Buying, AA is One of ThemBy Metals Channel Staff, Friday, June 15, 11:11 AM ET
The officers and directors of a company tend to have a unique inside view into the business, so when these insiders make purchases, investors are wise to take notice. Presumably the only reason for a company insider to choose to take their hard-earned cash and use it to buy stock 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. Within the 30 components of the Dow Jones Industrial Average, only twelve companies have experienced such buying over the trailing six month period, one of which was Alcoa, Inc. (NYSE:AA), where an investment totaling $37.4K invested across 2 purchases was made by Director Ratan Tata. Click Here to Learn Which Other Eleven Dow Components Also Had Recent Insider Buying » Tata bets big on AA:
Tata's average cost works out to $9.81/share. In trading on Friday, bargain hunters could buy shares of Alcoa, Inc. (NYSE:AA) and achieve a cost basis lower than Tata, with shares changing hands as low as $8.65 per share. Shares of Alcoa, Inc. were changing hands at $8.71 at last check, trading up about 0.7% on Friday. The chart below shows the one year performance of AA shares, versus its 200 day moving average:
Looking at the chart above, AA's low point in its 52 week range is $8.21 per share, with $16.60 as the 52 week high point — that compares with a last trade of $8.71. According to the ETF Finder at ETF Channel, AA makes up 3.45% of the SPDR S&P Metals and Mining ETF (AMEX:XME) which is trading lower by about 0.2% on the day Friday. See what other ETFs contain AA » Special Offer: Join the value investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation
Find the right mix of model portfolios today at PortfolioChannel.com
This Article's Word Cloud:
Alcoa
Also
Buying
Buys
Company
Days
Director
Friday
Insider
NYSE
Other
Ratan
Seven
Shares
Tata
Value
Which
about
above
average
changing
chart
company
components
cost
hands
have
hunters
insider
last
lower
make
maybe
only
open
other
point
purchases
share
shares
stock
take
that
they
trading
week
what
when
which
with
|
Now Playing:
One Reason For Insiders to Buy
Start slideshow: