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:

Esterline Technologies Corp Larger Than S&P 500 Component Allegheny Technologies, Inc
Tuesday, February 25, 4:41 PM ET, by Market News Video Staff

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Esterline ...

RS Ex-Dividend Reminder - 3/4/14
Friday, February 28, 10:05 AM ET, by Market News Video Staff

On 3/4/14, Reliance Steel & Aluminum Co. (RS) will trade ex-dividend, for its quarterly dividend ...

Why Allegheny Technologies, Inc Is a Top 5 Metals Channel Dividend Stock (ATI)
Monday, March 3, 7:52 AM ET, by Market News Video Staff

Allegheny Technologies, Inc (ATI) has been named as a Top 5 dividend paying metals and ...

Steel (SLX) Shares Cross Below 200 DMA
Monday, March 3, 10:55 AM ET, by Market News Video Staff

In trading on Monday, shares of the Steel ETF (SLX) crossed below their 200 day ...

ArcelorMittal SA Stock Getting Very Oversold
Monday, March 3, 11:39 AM ET, by Market News Video Staff

In trading on Monday, shares of ArcelorMittal SA (MT) entered into oversold territory, changing hands ...

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

Snag This Bargain Metals Stock Even Cheaper Than Director Corvi Did

By Metals Channel Staff, Tuesday, November 13, 4:30 PM ET
Play Video: One Reason For Insiders to Buy


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

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 7, Allegheny Technologies, Inc's Director, Carolyn Corvi, invested $27,218.70 into 1,000 shares of ATI, for a cost per share of $27.22. Bargain hunters tend to pay particular attention to insider buys like this one, because 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.

In trading on Tuesday, bargain hunters could buy shares of Allegheny Technologies, Inc (NYSE:ATI) and achieve a cost basis even cheaper than Corvi, with shares changing hands as low as $27.09 per share. Allegheny Technologies, Inc shares are currently trading down about 4.2% on the day. The chart below shows the one year performance of ATI shares, versus its 200 day moving average:

Allegheny Technologies, Inc Chart

Looking at the chart above, ATI's low point in its 52 week range is $26.26 per share, with $53.00 as the 52 week high point that compares with a last trade of $27.06. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
11/07/2012 Carolyn Corvi Director 1,000 $27.22 $27,218.70

According to the ETF Finder at ETF Channel, ATI makes up 4.00% of the Steel ETF (AMEX:SLX) which is trading lower by about 1.1% on the day Tuesday.

See what other ETFs contain ATI
See what other stocks are held by SLX


Special Offer: Find out how Dave Moenning is trading around the most recent insider transactions with a free 30 day trial .


This Article's Word Cloud:   Allegheny   Buying   Carolyn   Corvi   Definition   Director   ETFs   Earnings   Find   Form   Importance   Insider   Price   Steel   Technologies   Tuesday   Value   What   about   above   around   below   buying   chart   comparison   cost   currently   hunters   insider   last   months   most   only   open   other   point   reason   recorded   share   shares   showing   stock   table   that   their   trading   week   what   which   with

Shares of NRGM Now Oversold | 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.