Insiders may sell shares for any number of reasons, but there is really only one reason insiders buy shares of a company -- they believe the stock price will move higher and they want to profit from it. Pullbacks and sell-offs provide a perfect opportunity for investors who have faith in a company to snap up shares. Here are some stocks that have seen insider buying recently.
CVR Energy (NYSE:
CVI): Activist investor Carl Icahn recently purchased more than 1.6 million shares, worth over $45 million. This Sugar Land, Tex.-based fuel refiner became a subsidiary of Icahn Enterprises (NASDAQ:
IEP) in May and is in the process of being sold. It has a market cap of $2.1 billion. Though the share price is down more than 8% in the past week, year to date it is more than 29% higher. Despite the recent drop in the share price, the stock has outperformed competitors such as HollyFrontier (NYSE:
HFC), as well as the broader markets, over the past six months.
See also:CVR Energy Provides Update on Sale ProcessFerrellgas Partners (NYSE:
FGP): Last week, the chief executive purchased more than 31,000 shares, worth more than $360,000. This was his fourth, and largest, purchase of shares this year. This propane distributor recently announced its 71st consecutive $0.50 quarterly distribution. The Overland Park, Kan.-based company has a dividend yield of 11.9%. Shares fell about 7% in the past month and are down more than 11% year to date. The stock has underperformed the likes of AmeriGas Partners (NYSE:
APU) and Suburban Propane (NYSE:
SPH) over the past six months.
Frontier Communications (NASDAQ:
FTR): Some 50,000 shares, worth more than $177,000, were purchased last week by a director. The CEO, COO and others bought more than 150,000 shares in May. This telecom has a market cap of $3.5 billion. Short interest is about 23% of the float. Despite a slight rise in the past week, the share price has been falling for the past year and is now nearly 30% lower year to date. The stock has underperformed competitors such as AT&T (NYSE:
T) and CenturyLink (NYSE:
CTL), as well as the broader markets, over the past six months.
See also:Five Risky Dividend StocksHewlett-Packard (NYSE:
HPQ): A director for this Palo Alto, Calif.-based computer hardware maker bought up more than 13.1 million shares in the past two weeks. That was worth more than $295 million. The market cap of this S&P 500 component is $41.6 billion. An analyst downgrade on Friday sent shares lower by about 6%. The share price is now more than 17% lower than at the beginning of the year. Over the past six months, the stock's performance has been in line with that of rival Dell (NASDAQ:
DELL) but it has underperformed International Business Machines (NYSE:
IBM).
See also:Hewlett-Packard Brings in New Head of SoftwareOpko Health (NYSE:
OPKAGN) and the broader markets.
See also:Blueberries, Gold Bond, Ovaltine and Obesity: The Makings for a Very Good StoryYahoo! (NASDAQ:
YHOOGOOG) over the past six months, but it has underperformed AOL (NYSE:
AOL).
See also:Is the Yahoo! and Facebook Battle About to End?© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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