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Another name that insiders are loading up on is global information and measurement player
Nielsen(NLSN - Get Report), which delivers media and marketing information and analytics on a global and local basis. This stock has pretty much done nothing in 2012, with shares trading virtually flat on the year.
Nielson has a market cap of $10.6 billion and an enterprise value of $17 billion. This stock trades at a premium valuation, with a trailing price-to-earnings of 121.56 and a forward price-to-earnings 14.55. Its estimated growth rate for this year is 8.1%, and for next year it's pegged at 16.7%. This is far from a cash-rich company, since the total cash position on its balance sheet is $319 million and its total debt is $6.79 billion.
A director just
bought 152,755 shares, or $4.25 million worth of stock, at $27.84 per share.
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From a technical perspective, NLSN is currently trading above both its 50-day and 200-day moving averages, which is bullish. This stock has been trading range bound for the past six months, between $31.45 on the upside and $26.57 on the downside. A high-volume move outside of that range will setup NLSN for its next big trend. If you're bullish on NLSN, then I would look for long-biased trades off a move above some near-term overhead resistance levels at $29.57 to $30.50 with volume. Look for volume on a move above those levels that's near or well above its three-month average action of 748,388 shares. I would simply avoid any long trades on this stock in the near-term if it drops below its 50-day moving averageof $28.92 and its 200-day of $29.09.
Look for longer-term entry points near some big support levels at $26.50 to $24 a share, if its 50-day and 200-day get taken out soon with volume.
Nielsen is one of the
top holdings at Eric Mindich's Eton Park Capital , which maintained a 12 million-share position in the stock in the fourth quarter.