HOG

Insider Buying Week 9-7-22 The Seesaw was Heavy on the Short Side

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Curious how well insiders are doing with their buys? Scroll through the blog posts and see for yourself Last week, the market reversed its sour mood with a thunderous rally propelling the S&P 500 by 3.52%. Our insider buys did even better, notching an average of 5.73% returns. Heavily shorted stock, no matter how poor their prospects doubled that. It was the classic case of everybody on the same side of the seesaw.  In keeping with the old adage, the market will figure out how to screw most people most of the time.   Name: Robert J Mylod Jr Position: … Read more

These are the Insider Buys that Matter Week Ending 8-14-20

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Earnings season is almost over and with it the blackout period that restricts corporate insiders from buying their own company’s stock.  Animal spirits are lighting up the market as insiders are adding fuel to the fire with the biggest increase in buying since the March lows.  Normally insiders buy their stock when it’s cheap and you see less buying when the market is making new highs.  Not this time!  Barry Diller shook up the online gambling world with his Interactive Corp IAC  disclosure that it had gone over the 10% reporting threshold with its most recent purchase of 9,705,785  shares of MGM at … Read more

Insider Buying Picks Up- Week Ending 5-15-20

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Insider buying picked up this week across several depressed sectors like insurance,  small regional banks,  gaming, furniture, REITS, building products, restaurants and retailers, automotive and motorcycle and utility stocks. The buy of the week is property and casualty California auto insurer, Mercury General MCY.  Chairman of the Board George Joseph continued accumulating stock with $15 million of stock purchases at an average price of $35.95. MCY is down from it’s high this year of $52.  MCY yields 6.65%. People are driving less and insurance claim losses are down  as a result of that. Offsetting this, reinvestment rates on bond portfolios … Read more