This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

6 Stocks With Big Insider Activity

Stocks With Notable Insider Buying

Some of the few companies that saw notable insider buying during this recent reporting period were People's United Financial (PBCT), Nasdaq OMX Group (NDAQ), KeyCorp (KEY), Caterpillar (CAT) and Cincinnati Financial (CINF). Earlier this month, I addressed the buying at People's United, KeyCorp and Nasdaq in "5 Stocks With Big Insider Buying."

The trend that's most important here is the willingness of insiders at financial companies to snap up their shares, with the buying at KeyCorp, People's United and Cincinnati Financial. This is something that market players need to follow very closely in the coming weeks and months. The banks could be due for some big upside soon.

Clearly, insiders at many of these financial institutions are starting to find some value in their stocks. I would also like to point out that late last week, we saw three more financials whose insiders stepped in and bought large amounts of their shares.

Pacific Capital Bancorp

A director at Pacific Capital Bancorp (PCBC) just bought 16,175 shares, or $498,893 worth of stock, at an average price of $30.85. This bank holding company provides a range of commercial and consumer banking services to households, professionals and businesses primarily in the central coast of California. The stock is trending up on the year with shares racking up around 8% worth of gains.

From a technical standpoint, watch for a breakout in PCBC if the stock can trade above $32 a share. If it can trade above that level, then shares could run toward their next significant overhead resistance level at around $35.70.

First Midwest Bancorp

A director at First Midwest Bancorp (FMBI) just bought 37,274 shares or $465,552 worth of stock, at an average price of $12.49. This bank holding company has operations throughout the greater Chicago metropolitan area, as well as Central and Western Illinois. So far in 2011, the stock is up over 5%.

From a technical standpoint, I would be a buyer of this stock if it can manage to hold around its 200-day moving average of $11.60. The stock also has some previous support at around $11.50 to $11.10 a share. Monitor this name going forward to see if FMBI can hold at around these levels before you jump in from the long side.

First Midwest shows up on a recent list of 10 Community Bank M&A Targets.

2 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,960.57 -123.23 -0.72%
S&P 500 1,978.34 -9.64 -0.48%
NASDAQ 4,449.5640 -22.5440 -0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs