5 Stocks With Big Insider Buying
Akamai Technologies
A software stock that insiders are snapping up a large amount of stock in here is Akamai Technologies (AKAM), a provider of services for accelerating and improving the delivery of content and applications over the Internet, from live and on-demand streaming videos to conventional content on Web pages to tools that help people transact business. Insiders are buying this stock into notable weakness, since shares are off by 9.6% so far in 2013.
Akamai Technologies has a market cap of $6.56 billion and an enterprise value of $6.10 billion. This stock trades at a reasonable valuation, with a trailing price-to-earnings of 32.90 and a forward price-to-earnings of 16.02. Its estimated growth rate for this year is 12.7%, and for next year it's pegged at 12.7%. This is a cash-rich company, since the total cash position on its balance sheet is $437.58 million and its total debt is zero.
The CEO just bought 50,000 shares, or about $1.76 million worth of stock, at $35.31 per share. From a technical perspective, AKAM is currently trending above its 200-day moving average and well below its 50-day moving average, which is neutral trendwise. This stock recently gapped down after it reported earnings from $42 to its recent low of $33.55 a share with heavy downside volume. Following that move, shares of AKAM have started to rebound sharply and move into that gap down zone with decent upside volume. Traders who're bullish on AKAM should now look for long-biased trades as long as it's trending above its 200-day at $35.75, and then once it manages to break out above yesterday's high at $36.91 a share with high volume. Look for a sustained move or close above $36.91 a share with volume that hits near or above its three-month average action of 3,232,690 shares. At last check, AKAM has started to trigger that move since its intraday high is $37.10. If shares of AKAM can sustain this trend, then a possible upside target is its 50-day moving average of $39.68 a share.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, 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
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
