Updated from 7:02 a.m. EDT
One of the primary goals of Stockpickr.com is to allow everyday investors a look at what the big guns are buying. Often, we see a big-name investor loading up on a particular stock. This is usually a good sign, because you know that person put a lot of time and due diligence into that process.
But when that same company announces that an insider has purchased a large chunk of stock or, even better, the board announces a new large share-buyback program, that usually seals the bullish case for the stock.
As Jim Cramer often points out, insider selling happens all the time for many different reasons, but insiders buy for only one reason: They think their stock is going higher.
That's why, each Thursday at Stockpickr we update the
portfolio, featuring stocks that have had either big insider purchases or newly announced buybacks as well as super investors accumulating shares. This week's portfolio includes
To read more,
Stockpickr is a wholly owned subsidiary of TheStreet.com.