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 With Big Insider Buying

Pinnacle Entertainment

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

Get Adobe Flash player

Another name that insiders find attractive here is casinos and gaming player Pinnacle Entertainment (PNK - Get Report), an owner, operator and developer of casinos and related hospitality and entertainment facilities. Insiders are buying this stock into some modest strength, with shares up around 7% so far in 2012.

Pinnacle Entertainment has a market cap of $679 million and an enterprise value of $1.92 billion. This stock trades at a reasonable valuation, with a trailing price-to-earnings of 19.48 and a forward price-to-earnings of 12.49. Its estimated growth rate for this year is 50.8%, and for next year it's pegged at -5.4%. This is not a cash-rich company, since the total cash position on its balance sheet is $202.80 million and its total debt is $1.44 billion.

The vice president just bought 10,000 shares, or around $102,000 worth of stock, at $10.24 to $10.35 per share. The CEO also just bought 25,100 shares, or around $242,000 worth of stock, at $9.41 to $9.73 per share.

From a technical perspective, PNK is currently trading above both its 50-day and 200-day moving averages, which is bullish. This stock just found some big buying interest during the last two months, since it formed a major bottom at around $8.93 to $9 a share. Following that bottom, shares of PNK have soared with high volume back above both its 50-day and 200-day moving averages. This stock has also just started to breakout above some near-term overhead resistance at $10.33 a share.

If you're in the bull camp on PNK, then I would look for long-biased trades once this stock pulls back closer to its 200-day moving average of $10.38 a share. Basically, look to buy this stock off weakness and anticipate a possible re-test and possibly breakout above its next major overhead resistance levels at $11.76 to $11.91 a share.

On the flipside, I would probably just avoid this stock if it drops back below its 200-day moving average at $10.38 a share, or below some recent breakout levels of $10.33 to $9.89 a share with high volume. A move below those levels will likely mean that PNK is heading back towards those major support zones at $8.93 to $9 a share.
5 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
DOLE $0.00 0.00%
NCT $4.29 -2.72%
PNK $10.52 -2.59%
QSII $14.03 -0.07%
T $38.91 -0.49%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs