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If you are looking for clues telling you which stocks have a good chance of increasing in value, you might want consider watching what insiders are doing. After all, talk is cheap, but when insiders put their own money on the line, you should sit up and take note.
American Superconductor Corp
AMSC topped the insider-buying charts for the week ending July 9th as insiders snapped up 500,000 shares of company stock at a market value of $18,060,002. During the past six months, insiders have increased their overall holdings in the company by 35.53% and now own 10.05% of AMSC stock.
Kratos Defense & Security Solutions Inc
KTOS was not far behind, with insiders buying 100,000 shares at a market value of $1,020,000. Insiders now own 2.07% of the company's stock after decreasing their overall holdings by 35.79% during the past six months.
Rounding out the top five companies with strong insider buying last week are:
Invesco Van Kampen Tr Inv Grde Municipal
VGM - 65,395 shares at a value of $984,475
Mesa Laboratories Inc
MLAB - 30,000 shares at a value of $645,600
Emerging Vision Inc
ISEE - 1,774,500 shares at a value of $283,175
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Posted In: NewsInsider TradesAerospace & DefenseElectrical Components & EquipmentElectronic Equipment ManufacturersIndustrialsInformation Technology
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