This Day On The Street
Continue to site
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

5 Stocks With Notable Insider Buying

Spectrum Brands

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

Get Adobe Flash player

One stock that insiders are doing some notable buying in is Spectrum Brands (SPB - Get Report), a global branded consumer products company, with products categories such as consumer batteries, small appliances, pet supplies and portable lighting. This stock is down around 11% in the past six months.

Spectrum Brands has a market cap of $1.45 billion and an enterprise value of $2.9 billion. This stock trades at forward price-to-earnings of 9.60. Its estimated growth rate for this year is 36.1%, and for next year it's pegged at 16.9%. This is far from a cash-rich company, since the total cash position on its balance sheet is $142.41 million and its total debt is a whopping $1.58 billion.

A beneficial owner just bought 38,200 shares, or just over $1.04 million worth of stock, at $27.15 to $27.61 per share.

From a technical standpoint, SPB is currently trading above both its 50-day and 200-day moving averages, which is bullish. This stock has been trading within a range for the past five months between $22 and $28.36 a share. The stock is now starting to challenge a big breakout above the upper end of that range with shares currently changing hands at around $28.24.

If you're bullish on SPB, I would look to be a buyer once this stock sustains a high-volume move and close above $28.36 to $28.86 a share. Look for volume that's near or above its three-month average action of 169,667 shares.

I mentioned that $28.86 level because that's another past resistance price that will need to be cleared to trigger an even bigger breakout. If SPB takes out $28.36 and $28.86 with volume, then look for this stock to make a run at $32 to $35 a share or possibly even higher.

Spectrum, one of TheStreet Ratings' top-rated household products stocks, shows up on a list of 10 Investments Billionaire Steven Cohen Is Making for the most recently reported quarter.
2 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
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
SYM TRADE IT LAST %CHG
ESL $92.81 -0.91%
LHCG $37.49 -0.03%
OSTK $21.74 0.23%
SPB $103.86 1.44%
SIGA $1.86 0.54%

Markets

DOW 17,776.91 +93.33 0.53%
S&P 500 2,081.34 +12.58 0.61%
NASDAQ 4,997.4590 +5.5190 0.11%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs