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:

Relative Strength Alert For American Finance Trust
Friday, October 5, 4:05 PM ET, by Market News Video Staff

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

American Finance Trust is Oversold
Monday, October 29, 4:16 PM ET, by Market News Video Staff

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

Implied FRI Analyst Target Price: $25
Wednesday, January 2, 8:16 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

This Stock Has A 8.35% Yield, Sells For Less Than Book, and Insiders Have Been Buying
Thursday, January 3, 11:43 AM ET, by Market News Video Staff

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

Surprising Analyst 12-Month Target For DHS
Monday, February 4, 7:55 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

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

By Market News Video Staff, Friday, February 8, 1:05 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 Friday, shares of American Finance Trust Inc (NASDAQ:AFIN) touched a new 52-week low of $11.85/share. That's a $6.65 share price drop, or -35.95% decline from the 52-week high of $18.50 set back on 09/20/2018. 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 AFIN that means the stock would have to gain 56.12% to get back to the 52-week high. For a move like that, American Finance Trust 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 AFIN 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, AFIN has seen 3 different instances of insiders buying over the past six months.

Purchased Insider Title Shares Price/Share Value
09/28/2018 Lisa Kabnick Director 5,000 $15.07 $75,359.00
09/27/2018 Edward M. Weil Jr. CEO and President 4,986 $15.08 $75,191.87
10/02/2018 Katie P. Kurtz CFO, Secretary and Treasurer 1,650 $15.07 $24,861.54
01/11/2019 Edward M. Weil Jr. CEO and President 1,934 $12.93 $25,007.20

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

American Finance Trust Inc Moving Averages Chart

Time will tell whether the insider purchases foretell a future rebound for AFIN shares, which are presently showing a last trade of $11.91/share, slightly above the new 52-week low.


This Article's Word Cloud:   AFIN   American   Bargains   Cheaper   Director   Edward   Finance   Friday   Here   Insider   Insiders   Kabnick   Katie   Kurtz   Large   Lisa   Oftentimes   President   Price   Purchased   Secretary   Share   Shares   Start   Trust   Weil   back   below   business   company   from   high   insiders   last   level   means   over   past   percentage   price   share   shares   stock   that   trade   week   were   whether   with   would
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy
MNV
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV
MNV MNV Portfolio Channel Stock Market Definitions
MNV

Will Insiders Be Tempted To Buy More AFIN At The New 52-Week Low? | Market News Video | Copyright © 2008 - 2019, 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.