This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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!

5 Stocks Insiders Are Snapping Up

Stocks in this article: GLUU GEOY DRL ECYT OZM

Glu Mobile

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

Get Adobe Flash player

One stock whose insiders are doing some notable buying is Glu Mobile (GLUU), which designs, markets and sells mobile games. Insiders are buying shares of Glu Mobile into strength since this stock is up over 55% in 2011.

Glu Mobile has a market cap of $208.93 million and an enterprise value of $172.52 million. This stock trades at a price-to-sales of 3.14 and a price-to-book of 3.60. Its estimated growth rate for this year is -87.5%, and for next year it's pegged at -33.3%. This is a cash-rich company, with a total cash position on its balance sheet of $37.05 million and total debt of zero.

A director just bought 183,958 shares, or about $550,000 worth of stock, at $2.99 per share. This same director also just bought 447,097 shares, or about $1.3 million worth of stock, at $3 per share.

>>6 Stocks Endowments Are Bullish On

From a technical standpoint, GLUU is currently trading above its 50-day moving average and below its 200-day moving average, which is neutral trendwise. This stock has been trading within a sideways trading pattern for the last couple of months, between $3.80 and $2.55. A sustained move outside of that range should setup the next big trend for this stock.

If you're bullish on GLUU, I would consider buying some shares once the stock can manage to move above some near-term overhead resistance at $3.39 to $3.50 a share on high volume. Look for volume that's running close to or above its three-month average action of 1.6 million shares. If we see that action, I would then add to any long positions once GLUU takes out its 200-day of $3.77 and $3.81 a share with heavy volume. I would simply use a stop that's right below the 50-day at $3.16, in case GLUU isn't ready to break out above the upper end of its range.

2 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

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