Stock Message Boards
Metals Channel
Market News Video The Warren Buffetts Next Door Stock Message Boards
Free Dividend Report - Top Ranked Stocks
Portfolio Channel

Featured MNV Articles:

ANV Crosses Above Key Moving Average Level
Wednesday, February 12, 11:34 AM ET, by Market News Video Staff

In trading on Wednesday, shares of Allied Nevada Gold Corp (ANV) crossed above their 200 ...

Walter Energy, Inc. About To Put More Money In Your Pocket (WLT)
Friday, February 14, 9:59 AM ET, by Market News Video Staff

On 2/18/14, Walter Energy, Inc. (WLT) will trade ex-dividend, for its quarterly dividend of $0.01, ...

Reminder - Cliffs Natural Resources, Inc. (CLF) Goes Ex-Dividend Soon
Tuesday, February 18, 12:10 PM ET, by Market News Video Staff

On 2/19/14, Cliffs Natural Resources, Inc. (CLF) will trade ex-dividend, for its quarterly dividend of ...

XME, ANV, RGLD, AA: ETF Outflow Alert
Wednesday, February 19, 10:56 AM ET, by Market News Video Staff

Symbols mentioned in this story: XME, ANV, RGLD, AA Exchange traded funds (ETFs) trade just ...

WLT Crosses Critical Technical Indicator
Friday, February 21, 11:37 AM ET, by Market News Video Staff

In trading on Friday, shares of Walter Energy, Inc. (WLT) entered into oversold territory, changing ...

  More articles:  1 2 3 4 5 6 7 next »

Bargain Hunters Take Note: Insider Cluster-Buying At AKS

By Metals Channel Staff, Tuesday, November 27, 12:27 PM ET
Play Video: The Importance of Insider Buying


If the video does not load after a few moments, Upgrade to the Latest Flash Player.

A particularly strong insider buying signal is what we call a "cluster-buy" where three or more different insiders make open market purchases within a short period of one another. At AK Steel Holding Corp. (NYSE:AKS), 3 different insiders purchased 24,000 shares at an average price of $3.83/share, for a total of $91,840, with the most recent purchase on November 23, 2012.

Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. So when multiple insiders all decide to make purchases around the same time, it could be a strong indication that the stock is undervalued. Below is a table summarizing the insider buys that make up this "cluster":

Purchased Insider Title Shares Price/Share Value
11/26/2012 David C. Horn Exec V.P., Gen. Counsel & Sec. 10,000 $3.83 $38,280.00
11/26/2012 Ralph S. Michael III Director 10,000 $3.82 $38,200.00
11/23/2012 John S. Brinzo Director 4,000 $3.84 $15,360.00

The chart below shows the one year performance of AKS shares, versus its 200 day moving average. Note that AKS's low point in its 52 week range is $3.42 per share, with $10.33 as the 52 week high point that compares with a last trade of $3.83, with shares currently trading up about 0.3% on the day.

AK Steel Holding Corp. Chart

According to the ETF Finder at ETF Channel, AKS makes up 2.56% of the SPDR S&P Metals and Mining ETF (AMEX:XME) which is trading lower by about 0.4% on the day Tuesday.

See what other ETFs contain AKS
See what other stocks are held by XME


Special Offer: Free Sample Issue to the Preferred Stock List Newsletter plus 20% OFF your subscription


This Article's Word Cloud:   AMEX   Below   Buying   Definition   Director   ETFs   Exec   Form   Importance   Insider   Issue   Preferred   Share   Steel   Stock   Value   What   about   around   average   call   cluster   company   currently   decide   different   insider   insiders   make   market   most   open   other   point   purchased   purchases   share   shares   short   stock   strong   that   their   trading   week   what   when   with   would   year

BLX.CA | Boralex, Inc. | Profile | Energy Stock Channel | www.EnergyStockChannel.com | Copyright © 2010 - 2014, All Rights Reserved

Nothing in Energy Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Service. Video widget and energy stock videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Energy Stock Channel; Meet Our Editorial Staff.