Tuesday, October 18, 2011 9:37:44 AM
October 17, 2011
With the market declines we have been seeing for the past several weeks, many stocks are trading well off their recent highs. It's promising to see insiders taking advantage of this recent drop by purchasing shares in some of the names below. Insider buying can be a great sign that a stock is a real value or that it is going higher in the near future. Insiders tend to know their companies better than outsiders or analysts, so when they put their own money in share purchases it can be very meaningful. I have provided links for each stock which verifies the insider buying filed with the SEC below.
Vistaprint (VPRT) shares are trading at $28.71. Vistaprint offers online printing services and products for business. The shares currently trade above the 50-day moving average of $27.75 and below the 200-day moving average of $43.45. These shares have traded in a 52 week range between $23.89 and $56.25. Earnings estimates for VPRT are about $1.61 per share and $1.95 for 2012. Vistaprint continues to take away market share from smaller companies and there is no reason why this trend won't continue to boost results in the future. An insider recently bought over 2,000 shares.
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http://seekingalpha.com/article/300146-6-depressed-stocks-with-strong-insider-buying
VPRT
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