A beneficial owner just bought 1,098,200 shares, or about $12.56 million worth of stock, at $11.44 per share. That same beneficial owner also just bought 918,911 shares, or about $10.20 million worth of stock, at $11.09 per share.
From a technical perspective, TTWO is currently trending above its 50-day moving average and just below its 200-day moving average, which is neutral trendwise. This stock has been uptrending very strong for the last three months, with shares moving from a low of $7.37 to its recent high of $11.79 a share. During that uptrend, shares of TTWO have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed TTWO within range of triggering a near-term breakout trade.
If you're bullish on TTWO, then I would look for long-biased trades if this stock can manage to break out above some near-term overhead resistance levels at $11.79 to $12.05 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 1,951,630 shares. If that breakout triggers soon, then look for TTWO to trend up towards $14 to $16 a share. Any high-volume move above $16.99 to $17.58 a share would then put $20 into range of TTWO.
Janus CapitalAnother name that insiders are snapping up a large amount of shares in is Janus Capital (JNS). This company provides investment management, administration, distribution and related services to individual and institutional investors through mutual funds, separate accounts and subadvised relationships. Insiders are buying this stock into some notable strength, since shares are up over 25% so far in 2012. Janus Capital has a market cap of $1.50 billion and an enterprise value $1.35 billion. This stock trades at a fair valuation, with a trailing price-to-earnings of 13.83 and a forward price-to-earnings of 13.59. Its estimated growth rate for this year is -38.1%, and for next year it's pegged at 13.5%. This is a cash-rich company, since the total cash position on its balance sheet is $683.60 million and its total debt is $542.80 million. A beneficial owner just bought 1,282,419 shares, or about $10.29 million worth of stock, at $7.95 per share. That same beneficial owner also just bought 1,185,236 shares, or about $9.71 million worth of stock, at $8.19 per share.
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