Insiders Now Seeing Red With TTS At New 52-Week Low

In trading on Friday, shares of Tile Shop Holdings Inc (TTS) touched a new 52-week low of $8.00/share. That's a $14.40 share price drop, or -64.29% decline from the 52-week high of $22.40 set back on 04/18/2017. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for TTS that means the stock would have to gain 180.00% to get back to the 52-week high. For a move like that, Tile Shop Holdings Inc would need fundamental strength at the business level.

Here's a rhetorical question: Who knows more about fundamentals at the business level than the company's own insiders? So let's take a look to see whether any company insiders were taking the other side of the trade as TTS shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. As summarized by the table below, TTS has seen 6 different instances of insiders buying over the past six months.

START SLIDESHOW:
Ten Bargains You Can Buy Cheaper Than The Insiders Did »

Purchased Insider Title Shares Price/Share Value
10/19/2017 Philip B. Livingston Director 7,500 $8.53 $63,954.75
10/19/2017 Christopher Thomas Cook Director 28,750 $8.59 $246,907.71
10/19/2017 Peter J. Jacullo III Director 48,767 $8.53 $415,950.86
10/20/2017 Peter H. Kamin Director 55,200 $8.52 $470,210.00
10/23/2017 Kirk Geadelmann Chief Financial Officer 10,000 $8.99 $89,950.00
11/07/2017 Christopher Thomas Cook Director 22,200 $8.42 $186,990.60
12/07/2017 Peter J. Jacullo III Director 187,828 $8.48 $1,592,302.90
12/14/2017 Todd Krasnow Director 10,000 $9.01 $90,100.00

In the short run, while the new 52-week low suggests the stock is at the cheapest price and perhaps therefore the best bargain it has been over the last 52 weeks, the low print also means anyone who has purchased the stock over that timeframe is staring at an unrealized loss. Oftentimes, that factor drives a stock's technical analysis metrics by creating overhead resistance, with investors who bought higher now anxious to reverse their trade once they are back to breakeven. The chart below shows where TTS has traded over the past year, with the 50-day and 200-day moving averages included.

Tile Shop Holdings Inc Moving Averages Chart

Time will tell whether the insider purchases foretell a future rebound for TTS shares, which are presently showing a last trade of $7.95/share, slightly above the new 52-week low.

More from Stocks

Get a Juicy 8%+ Dividend Yield With Solid Income Streams All in One Stock

Get a Juicy 8%+ Dividend Yield With Solid Income Streams All in One Stock

U.S.-Chinese Trade War Could Mash Up Apple

U.S.-Chinese Trade War Could Mash Up Apple

How to Overcome the Fear of Trading Super-Momentum Stocks

How to Overcome the Fear of Trading Super-Momentum Stocks

Tesla's People Problem and the Inscrutable Musk: 2 Things That Make You Go Hmmm

Tesla's People Problem and the Inscrutable Musk: 2 Things That Make You Go Hmmm

Dow Hits Another Closing High to End Record Setting Week

Dow Hits Another Closing High to End Record Setting Week