StreetInsider.com Highlights High Level of Insider Buying on CNBC's Fast Money
More News related to C
- Citi Appointed Depositary for 7 Days Group's NYSE-Listed ADR Program
- Willem Buiter to Join Citigroup (C) As Chief Economist
- Willem Buiter Joins Citi as Chief Economist
- Bove Says US Banking System, Dollar to Benefit from Dubai Crisis
- Active equity option families in first 30 minutes of trading: C BAC GE AAPL
More News related to CHK
- Option volume leaders: BAC POT CHK C RIMM
- 2010 IR Global Rankings: Invitation for Investors and Analysts Vote for Companies with the Best IR Program and for the Best IR Officer
- Lazard Capital Initiates Coverage on Independent Oil & Gas Stocks - CHK, KWK, RRC & WLL
- Chesapeake Energy (CHK) volatility of 47 near 17-month lows
- FBR Capital Recommends An IPO or Spin Off at Chesapeake Energy (CHK)
More News related to DOW
- Dow Chem. (DOW) Subsidiary to Acquire Hyland Seeds; Cowan to Remain General Manager
- Dow AgroSciences Canada Announces Agreement to Acquire Hyland Seeds
- The NEW Dow Adhesives to Debut @ Label Expo Asia 2009
- Dow Corning Opens Solar Solutions Application & Business Center in Newark, California
- CMAI Opens Registration for 25th Annual World Petrochemical Conference - The Dow Chemical Company to Present Keynote Address
On CNBC's Fast Money Friday, StreetInsider.com President Lon Juricic commented on the high level of recent CEO insider buying. Lon noted that last week there were 47 new strong insider buys versus a normal week of 15.
Lon discussed recent insider buying at Citi (NYSE: C), GE (NYSE: GE), Dow (NYSE: DOW), Lear (NYSE: LEA) and Corning (NYSE: GLW).
Lon said that insider buying has not been a great tell recently, and if you followed insider buying by Chesapeake Energy's (NYSE: CHK) CEO Aubrey K. McClendon you would have been "smashed," as Aubrey was forced to sell nearly all his stock due to margin calls.
Lon mentioned that in 2005 when insiders at the homebuilders were selling stock "hand over fist" it was a sign of bad things to come. Lon called this level of insider selling a "frying pan over the head." He said this week's level of insider buying is also a "frying pan over the head," but on the positive side.
Lon points out that with hedge funds selling, and insiders buying like crazy "something is going on."
Link to video: http://www.cnbc.com/id/15840232?video=928597795
Track Insider Buying At StreetInsider.com: http://www.streetinsider.com/Insider+Trades
Related Categories
Insider TradesInsiders' Blog
Stocks Mentioned
+0.04
-0.27Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
