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Ex-Dividend Reminder: Archer Daniels Midland, Spectrum Brands Holdings and Marriott International
Monday, August 19, 10:25 AM ET, by Market News Video Staff

On 8/21/19, Archer Daniels Midland Co. (ADM), Spectrum Brands Holdings Inc (SPB), and Marriott International, ...

Spectrum Brands Holdings (SPB) Passes Through 3% Yield Mark
Tuesday, September 17, 3:54 PM ET, by Market News Video Staff

In trading on Tuesday, shares of Spectrum Brands Holdings Inc (SPB) were yielding above the ...

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See How Spectrum Brands Holdings Ranks Among Analysts' Top Picks With Strong Buyback Activity
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New 52-Week Low Could Prompt More Insider Buying At SPB

By Market News Video Staff, Thursday, March 12, 2:13 PM ET
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In trading on Thursday, shares of Spectrum Brands Holdings Inc (NYSE:SPB) touched a new 52-week low of $40.78/share. That's a $25.53 share price drop, or -38.50% decline from the 52-week high of $66.31 set back on 05/09/2019. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for SPB that means the stock would have to gain 62.60% to get back to the 52-week high. For a move like that, Spectrum Brands Holdings Inc would need fundamental strength at the business level.

Here's a rhetorical question: Who knows more about fundamentals at the business level than the company's own insiders? So let's take a look to see whether any company insiders were taking the other side of the trade as SPB shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. As summarized by the table below, SPB has seen 2 different instances of insiders buying over the past six months.

Purchased Insider Title Shares Price/Share Value
12/17/2019 David M. Maura Executive Chairman and CEO 2,000 $62.73 $125,457.00
02/13/2020 Jeremy W. Smeltser EVP, CFO 8,305 $60.17 $499,704.55
02/13/2020 David M. Maura Executive Chairman and CEO 16,709 $59.84 $999,946.76

In the short run, while the new 52-week low suggests the stock is at the cheapest price and perhaps therefore the best bargain it has been over the last 52 weeks, the low print also means anyone who has purchased the stock over that timeframe is staring at an unrealized loss. Oftentimes, that factor drives a stock's technical analysis metrics by creating overhead resistance, with investors who bought higher now anxious to reverse their trade once they are back to breakeven. The chart below shows where SPB has traded over the past year, with the 50-day and 200-day moving averages included.

Spectrum Brands Holdings Inc  Moving Averages Chart

Time will tell whether the insider purchases foretell a future rebound for SPB shares, which are presently showing a last trade of $41.00/share, slightly above the new 52-week low.


This Article's Word Cloud:   Bargains   Brands   Chairman   Cheaper   David   Executive   Here   Holdings   Insider   Insiders   Jeremy   Large   Maura   NYSE   Oftentimes   Price   Purchased   Share   Shares   Smeltser   Spectrum   Start   Than   That   Thursday   Time   back   below   business   company   from   high   insiders   last   level   means   over   past   percentage   price   share   shares   stock   that   trade   week   were   whether   with   would
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