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 Major Insider Buying

Calamos Asset Management has a market cap of $224 million and an enterprise value of -$184 million. This stock trades at a reasonable valuation, with a trailing price-to-earnings of 12.53 and a forward price-to-earnings of 14.91. Its estimated growth rate for this year is -19.3%, and for next year it's pegged at 4.2%. This is a cash-rich company, since the total cash position on its balance sheet is $498.68 million and its total debt is just $92.11 million.

The CEO just bought 133,653 shares, or about $1.46 million worth of stock, at $10.82 to $11 per share. This same CEO also just bought 114,957 shares, or about $1.21 million worth of stock, at $10.47 to $10.76 per share.

From a technical perspective, CLMS is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending strong for the last month and change, with shares moving higher from its low of $9.48 to its intraday high of $11.09 a share. During that uptrend, shares of CLMS have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now started to push shares of CLMS into breakout territory above some past overhead resistance levels at $10.84 to $10.93 a share.

If you're in the bull camp on CLMS, then look for long-biased as long as it's trending above those breakout levels at $10.84 to $10.93 a share with strong upside volume flows. Look for a sustained move or close above those breakout levels with volume that registers near or above its three-month average action of 183,289 shares. If CLMS can maintain that trend, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $11.82 to $12.50 a share.

General Motors

One stock that insiders are jumping into here is General Motors (GM - Get Report), which develops, produces and markets cars, trucks and parts worldwide. Insiders are buying this stock into some notable strength, since shares are up 28% during the last six months.

General Motors has a market cap of $37 billion and an enterprise value of $25 billion. This stock trades at a cheap valuation, with a trailing price-to-earnings of 9.32 and a forward price-to-earnings of 6.24. Its estimated growth rate for this year is 5.2%, and for next year it's pegged at 27.9%. This is a cash-rich company, since the total cash position on its balance sheet is $26.12 billion and its total debt is $16.05 billion.
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
ABMD $95.61 3.05%
CLMS $9.93 -1.19%
FAST $38.33 2.35%
GM $29.21 1.99%
MDLZ $42.27 3.07%

Markets

Chart of I:DJI
DOW 16,351.38 +293.03 1.82%
S&P 500 1,948.86 +35.01 1.83%
NASDAQ 4,749.9790 +113.8740 2.46%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs