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5 Stocks With Big Insider Buying

Glu Mobile

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Another name that insiders are jumping into here is Glu Mobile (GLUU - Get Report), which designs, markets and sells mobile games. Insiders are clearing sniffing out some deep value here since this stock is down by over 40% in the last six months.

Glu Mobile has a market cap of $192.27 million and an enterprise value of $155.32 million. This stock trades at a price-to-sales of 2.89 and it trades at a price-to-book of 3.30. 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 68,945 shares, or around $205,000 worth of stock, at $3 per share. This same director also just bought over $1.7 million worth of stock at $2.99 to $3 per share.

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 started to find some buying support at around $2.89 to $2.95 in the last few months. As long as those levels hold as support then this stock could be putting in a near-term bottom and preparing to trend much higher.

If you're bullish on GLUU, then you could be a buyer once this stock closes back above its 50-day moving average of $3.20 with volume. Look for volume that's near or above its three-month average action of 1.4 million shares. If we get that move soon, then I would add to any long positions once GLUU takes out its 200-day moving average of $3.73 and some major near-term overhead resistance levels at $3.81 to $3.89 with volume.

A high-volume move above those levels will trigger a big breakout for GLUU. I would simply use a mental stop that's right below $2.89 or even down to $2.55 a share if you want to give it more room.

TheStreet Ratings rates Glu Mobile a D- sell.
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GLUU $2.74 0.00%
SHLD $17.40 0.00%
SNTA $0.20 0.00%
VICL $0.33 0.00%
AAPL $94.02 0.00%


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