This Day On The Street
Continue to site
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

5 Stocks Flashing Insider-Buying Alerts


Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

A key insider has also done some big buying in Owens-Illinois (OI - Get Report), a manufacturer of glass containers with 81 glass manufacturing plants in 21 countries. It produces glass containers for beer, ready-to-drink low alcohol refreshers, spirits, wine, food, tea, juice and pharmaceuticals. This is another situation in which insiders are finding some deep value; the stock is off by over 42% so far in 2011.

This company has a market cap of $2.91 billion and an enterprise value of $6.99 billion. The stock trades at a reasonable valuation, with a forward price-to-earnings ratio of 6.15. Owen's estimated growth rate for the next quarter is 20%, and for next year it's pegged at 23.6%. This is far from a cash-rich company -- its total cash position on the books is $260 million, and its total debt is over $4.3 billion.

The CEO and chairman of the board just bought 121,200 shares, or about $2 million worth of stock, at $16.56 per share.

From a technical standpoint, this stock recently collapsed from its May high of $32.32 a share to a recent low of $16 a share. The stock is now also trading below both its 50-day and 200-day moving averages, which is bearish. That said, the stock has started to form a basing pattern during the last few months between $16 and $19.60 a share. This pattern could be signaling that the downtrend is over and the stock has strong buying support at current levels.

If you're looking to buy this stock, I would get long off any weakness below $19 a share. I would simply use a stop just below $16 a share in case the stock isn't done trending down. I would add to any long position once the stock trades above its 50-day moving average of $20.98 a share on above-average volume.

The bottom line is that this name is attractive at current levels because it's only a few points off that $16 support level. It might not be a bad idea to follow the CEO into the stock here since it's also been so beaten down in the last few months.

To see more stocks with notable insider buying, including Hyatt Hotels (H), Bluefly (BFLY) and Synta Pharmaceuticals (SNTA), check out the Stocks With Big Insider Buying portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.


Follow Stockpickr on Twitter and become a fan on Facebook.
At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to and maintains the website, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.
6 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
CWTR $0.02 0.87%
CKH $42.45 0.00%
CLR $19.33 0.00%
HES $40.11 0.00%
OI $13.04 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs