This Day On The Street
Continue to site
ADVERTISEMENT
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 Huge Insider Buying

Universal Display

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

Get Adobe Flash player

A stock in the semiconductor complex that insiders are snapping up here is Universal Display (PANL), which is engaged in the research, development and commercialization of organic light emitting diode technologies and materials. Insiders are buying this stock into some notable weakness, since shares are off by 18% in the last three months.

Universal Display has a market cap of $1.24 billion and an enterprise value of $1.02 billion. This stock trades at a premium valuation, with a trailing price-to-earnings of 128.27 and a forward price-to-earnings of 32.54. Its estimated growth rate for this year is 100%, and for next year it's pegged at 272.7%. This is a cash-rich company, since the total cash position on its balance sheet is $238.78 million and its total debt is zero.

A beneficial owner just bought 52,260 shares, or $1.37 million worth of stock, at $25.88 to $26.86 per share.

From a technical perspective, PANL is currently trending above its 50-day moving average and below its 200-day moving average, which is neutral trendwise. This stock has been uptrending strong for the last two months and change, with shares moving higher from its low of $21.55 to its recent high of $29.40 a share. During that uptrend, shares of PANL have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of PANL within range of triggering a near-term breakout trade.

>>4 Breakout Buys for January -- and One Sell

If you're in the bull camp on PANL, then I would look for long-biased trades as long as it's trending above some near-term support at $24, and then once it manages to break out above some near-term overhead resistance at $29.40 a share with high volume. Look for a sustained move or close above $29.40 a share with volume that hits near or above its three-month average action of 1,027,620 shares. If that breakout triggers soon, then PANL will set up to re-test or possibly take out its next major overhead resistance levels at $34.54 to $35.60 a share.
3 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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
ADBE $80.75 0.00%
ADC $29.60 0.00%
CERE $1.80 0.00%
PANL $3.15 0.00%
UNH $121.81 0.00%

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs