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By Market News Video Staff, Monday, June 3, 10:52 AM ET
Play Video: The Importance of Insider Buying


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A particularly strong insider buying signal is what we call a "cluster-buy" where three or more different insiders make open market purchases within a short period of one another. At TPI Composites Inc (NASDAQ:TPIC), 3 different insiders purchased 6,500 shares at an average price of $22.74/share, for a total of $147,815, with the most recent purchase on May 28, 2019.

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. So when multiple insiders all decide to make purchases around the same time, it could be a strong indication that the stock is undervalued. Below is a table summarizing the insider buys that make up this "cluster":

Purchased Insider Title Shares Price/Share Value
05/16/2019 James Alton Hughes 2,000 $22.73 $45,460.00
05/16/2019 Stephen Bransfield 4,000 $22.85 $91,400.00
05/28/2019 Jack A. Henry 500 $21.91 $10,955.00

The chart below shows the one year performance of TPIC shares, versus its 200 day moving average. Note that TPIC's low point in its 52 week range is $19.54 per share, with $32.74 as the 52 week high point — that compares with a last trade of $21.17, with shares currently trading up about 1.4% on the day.

TPI Composites Inc Chart


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This Article's Word Cloud:   Alton   Bargains   Below   Bransfield   Channel   Cheaper   Composites   Dividend   Henry   Hughes   Insider   Insiders   Jack   James   Newsletter   Note   Offer   Premium   Presumably   Price   Purchased   Receive   Share   Shares   Special   Start   Stephen   TPIC   Than   Title   Value   about   average   cluster   different   insider   insiders   make   market   open   point   purchases   share   shares   stock   strong   that   their   week   with
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