MNV
Market News Video
MNV MNV 10 Stocks Crossing Below Their 200 Day Moving Average
MNV
MNV
MNV
MNV
MNV
MNV
MNV
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

FS Investment Becomes Oversold
Thursday, February 11, 11:46 AM ET, by Market News Video Staff

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...

Five BDCs With Rising Short Activity
Friday, February 26, 3:41 PM ET, by Market News Video Staff

The most recent short interest data has just been released by the NASDAQ for the ...

Five BDCs With Rising Short Activity
Monday, May 2, 3:11 PM ET, by Market News Video Staff

The most recent short interest data has just been released for the 04/15/2016 settlement date, ...

FS Investment Corporation Named Top Dividend Stock With Insider Buying and 9.76% Yield (FSIC)
Wednesday, May 11, 3:05 PM ET, by Market News Video Staff

In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then ...

Five BDCs With Rising Short Activity
Thursday, May 12, 1:41 PM ET, by Market News Video Staff

The most recent short interest data has just been released for the 04/29/2016 settlement date, ...

  More articles:  1 2 3 4 5 6 7 next »

Will Insiders Be Tempted To Buy More FSIC At The New 52-Week Low?

By Market News Video Staff, Wednesday, August 9, 1:07 PM ET
Play Video: The Importance of ETFs


If the video does not load after a few moments, Upgrade to the Latest Flash Player.

In trading on Wednesday, shares of FS Investment Corporation (NYSE:FSIC) touched a new 52-week low of $8.43/share. That's a $2.37 share price drop, or -21.94% decline from the 52-week high of $10.80 set back on 03/01/2017. 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 FSIC that means the stock would have to gain 28.11% to get back to the 52-week high. For a move like that, FS Investment Corporation 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 FSIC 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, FSIC has seen 4 different instances of insiders buying over the past six months.

Purchased Insider Title Shares Price/Share Value
03/14/2017 Barry Frank Director 1,152 $9.84 $11,329.92
03/21/2017 Gregory P. Chandler Director 2,040 $9.80 $19,992.00
04/13/2017 Gregory P. Chandler Director 1,050 $9.50 $9,975.00
05/19/2017 David J. Adelman Director 1,200 $8.94 $10,732.56
05/19/2017 Michael C. Forman Chief Executive Officer 2,400 $8.94 $21,462.60
06/22/2017 Michael C. Forman Chief Executive Officer 22,320 $8.88 $198,151.94
06/22/2017 David J. Adelman Director 11,160 $8.88 $99,063.97
06/23/2017 Michael C. Forman Chief Executive Officer 1,200 $8.93 $10,719.96
06/23/2017 David J. Adelman Director 600 $8.93 $5,359.98

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 FSIC has traded over the past year, with the 50-day and 200-day moving averages included.

FS Investment Corporation Moving Averages Chart

Time will tell whether the insider purchases foretell a future rebound for FSIC shares, which are presently showing a last trade of $8.60/share, slightly above the new 52-week low.


Top Six Most Viewed Stories This Week @ Market News Video:

This Article's Word Cloud:   Adelman   Chandler   Chief   Corporation   David   Director   Executive   FSIC   Forman   Gregory   Investment   Michael   Officer   Share   Value   also   always   back   bargain   below   business   buying   company   from   high   insiders   last   level   means   over   past   percentage   period   price   print   purchases   rhetorical   share   shares   stock   technical   that   touched   trade   week   were   whether   which   with   would
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy - Video Widget
MNV
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV
MNV MNV Stock Message Boards Stock Market Definitions
MNV

Will Insiders Be Tempted To Buy More FSIC At The New 52-Week Low? | Market News Video | Copyright © 2008 - 2017, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.