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

Featured MNV Articles:

Monday Sector Laggards: Energy, Materials
Monday, November 10, 2:37 PM ET, by Market News Video Staff

The worst performing sector as of midday Monday is the Energy sector, showing a 1.5% ...

Platform Specialty Products Larger Than S&P 500 Component Allegheny Technologies
Monday, November 10, 4:40 PM ET, by Market News Video Staff

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

Tableau Software Larger Than S&P 500 Component Allegheny Technologies
Monday, November 10, 4:41 PM ET, by Market News Video Staff

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

Guidewire Software Larger Than S&P 500 Component Allegheny Technologies
Tuesday, November 11, 4:37 PM ET, by Market News Video Staff

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

Tenaris Shares Enter Oversold Territory
Wednesday, November 12, 3:57 PM ET, by Market News Video Staff

In trading on Wednesday, shares of Tenaris SA (TS) 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   Carolyn   Cheaper   Corvi   Definition   Director   ETFs   Importance   Insider   Price   Share   Special   Technologies   Tuesday   Value   about   bargain   below   buying   changing   chart   comparison   cost   earned   expect   hunters   insider   last   makes   many   months   only   open   other   point   possible   prices   raquo   reason   reasons   share   shares   stock   that   their   trading   week   what   which   with

Snag This Bargain Metals Stock Even Cheaper Than Director Corvi Did | www.MetalsChannel.com | Copyright © 2010 - 2014, All Rights Reserved

Nothing in Metals 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 Use and Privacy Policy. Video widget and metals stock videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Metals Channel; Meet Our Editorial Staff.