 |
 |
 |
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
  Featured MNV Articles:
| Top Buys by Top Brass: CEO & President Aguero's $170K Bet on MEABy Metals Channel Staff, Monday, November 19, 2:08 PM ET
A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. 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 — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $170K invested across 2 purchases by Carlos E. Aguero, CEO & President at Metalico Inc (AMEX:MEA). Aguero bets big on MEA:
Aguero's average cost works out to $1.66/share. In trading on Monday, bargain hunters could buy shares of Metalico Inc (AMEX:MEA) and achieve a cost basis lower than Aguero, with shares changing hands as low as $1.65 per share. Shares of Metalico Inc were changing hands at $1.74 at last check, trading up about 5.5% on Monday. The chart below shows the one year performance of MEA shares, versus its 200 day moving average:
Looking at the chart above, MEA's low point in its 52 week range is $1.59 per share, with $5.23 as the 52 week high point — that compares with a last trade of $1.74. MEA makes up 1.37% of the Environmental Services ETF (AMEX:EVX) Special Offer: Find out how Dave Moenning is trading around the most recent insider transactions with a free 30 day trial .
Find the right mix of model portfolios today at PortfolioChannel.com
This Article's Word Cloud:
AMEX
Aguero
Carlos
Dave
Metalico
Moenning
Monday
President
Share
Shares
Title
Value
about
around
average
bargain
basis
business
buys
changing
chart
company
cost
could
hands
hunters
insider
last
make
market
maybe
most
open
point
purchases
range
reason
recent
share
shares
stock
take
that
their
they
trading
week
with
within
would
|
Now Playing:
One Reason For Insiders to Buy
Start slideshow: