One financial player that insiders are active in here is
(GDOT - Get Report)
. This company provides money management solutions in the U.S. It offers general purpose reloadable prepaid debit cards, and cash loading and transfer services. Insiders are buying this stock into some extreme weakness, since shares are down more than 60% so far in 2012.
Green Dot has a market cap of $417 million and an enterprise value of $235 million. This stock trades at a cheap valuation, with a trailing price-to-earnings of 9.14 and a forward price-to-earnings of 8.20. Its estimated growth rate for the next quarter is negative 11.4%, and for next year it's pegged at a positive 15.4%. This is a cash-rich company, since the total cash position on its balance sheet is $237.03 million and its total debt is $49.12 million.
The CEO and chairman of the board just
bought 89,000 shares, or about $995,453 million worth of stock, at $11.05 per share.
From a technical perspective, GDOT is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending modestly for the last month and change, with shares rising from a low of $9.54 to its recent high of $11.93 a share. During that uptrend, shares have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed GDOT within range of triggering a near-term breakout trade.
If you're bullish on GDOT, then I would look for long-biased trades once this stock manages to break out above some near-term overhead resistance at $11.93 a share with high volume. Look for a sustained move or close above $11.93 with volume that hits near or above its three-month average action of 686,456 shares. If that breakout triggers soon, then look for GDOT to re-fill its previous gap down zone from October that started near $13 a share. Any high-volume move above $13.19 to $13.59 would then give GDOT a chance to fill an even bigger gap down zone from July that started near $23 a share.
Hain Celestial Group
Another name in the food processing complex that insiders are jumping into here is
Hain Celestial Group
(HAIN - Get Report)
. This company, and its subsidiaries manufacture, market, distribute and sell natural and organic products. Insiders are buying this stock into some extreme strength, since shares are up a whopping 65% so far in 2012.