Seeking Alpha
Value, growth, long-term horizon, medium-term horizon
Profile| Send Message| ()  

The following is a list of oversold stocks, defined by the Relative Strength (RSI(14)) indicator. All of these stocks have seen insider buying over the last week. Perhaps a signal that the market is too bearish on these companies?

For each company, we'll also list short float, and name the individuals involved. [All data sourced from Finviz]

click to enlarge

The list has been sorted by RSI(14).

1. DeVry, Inc. (DV): Education & Training Services Industry. Market cap of $2.72B. RSI(14) indicator at 25.75. William B. Hughson (President) bought $38,348 worth of stock on August 25. Short float at 3.25%, which implies a short ratio of 1.39 days.

2. Gibraltar Industries, Inc. (ROCK): Steel & Iron Industry. Market cap of $233.84M. RSI(14) indicator at 33.11. Arthur A Russ Jr. (Trustee) bought $39,500 worth of stock on August 23. Short float at 4.4%, which implies a short ratio of 5.6 days.

3. Panhandle Oil and Gas Inc. (PHX): Independent Oil & Gas Industry. Market cap of $184.37M. RSI(14) indicator at 33.29. Paul Blanchard (Sr. VP/Chief Operating Officer) bought $66,600 worth of stock on August 26. Short float at 3.2%, which implies a short ratio of 11.09 days.

4. Tyco Electronics, Ltd. (TEL): Diversified Electronics Industry. Market cap of $11.20B. RSI(14) indicator at 34.88. Frederic M Poses (Director) bought $1,019,648 worth of stock on August 26. Short float at 0.63%, which implies a short ratio of 0.93 days.

5. Dorchester Minerals LP (DMLP): Diversified Investments Industry. Market cap of $751.66M. RSI(14) indicator at 35.16. H C Allen Jr. (Chief Financial Officer) bought $14,766 worth of stock on August 25. Short float at 0.29%, which implies a short ratio of 1.89 days.

6. T. Rowe Price Group, Inc. (TROW): Asset Management Industry. Market cap of $11.27B. RSI(14) indicator at 36.28. Michael C. Gitlin (Vice President) bought $90,595 worth of stock on August 26. Short float at 3.47%, which implies a short ratio of 3.58 days.

7. Ames National Corporation (ATLO): Regional Bank. Market cap of $159.46M. RSI(14) indicator at 36.45. James R Larson II (Director) bought $4,293 worth of stock on August 24. Short float at 3.72%, which implies a short ratio of 16.05 days.

8. Ocwen Financial Corp. (OCN): Savings & Loans Industry. Market cap of $892.69M. RSI(14) indicator at 36.84. Ronald M Faris (President) bought $87,800 worth of stock on August 25. Short float at 4.88%, which implies a short ratio of 4.02 days.

9. Cedar Shopping Centers Inc. (CDR): REIT. Market cap of $338.51M. RSI(14) indicator at 36.94. Leo S Ullman (President & CEO) bought $7,770 worth of stock on August 25. Short float at 4.42%, which implies a short ratio of 7.6 days.

Disclosure: No position

Source: Nine Oversold Stocks That Saw Insider Buying Over the Last Week