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The companies below have seen substantial insider buying recently. I regularly seek out companies that are seeing heavy insider buying to help me find stocks that might be undervalued. The companies listed below have seen insider buying of well over $100,000 recently. Often it makes sense to follow insiders, so I think these companies are worth looking into as possible investments.
Pacific Sunwear of California, Inc. (NASDAQ:PSUN) is trading around $4.43. Pacific Sunwear is a specialty retailer based in California. The relative strength index is about 48. These shares have seen a 52-week high of $6.84 and a low of $2.92 . The 50-day moving average is $4.70 and the 200-day moving average is $4.68. PSUN recently cut guidance which has put pressure on the stock. You can read about its guidance here. Based on earnings estimates, this company is expected to post a loss for 2011, but that hasn't stopped one insider from making substantial and repeated insider buys. You can see the insider buys here.
Ligand Pharmaceuticals, Inc. (NASDAQ:LGND) is trading around $11. Ligand is a biotechnology company based in California. The relative strength index is about 78, which indicates the stock might be at overbought levels. These shares have traded in a range between $8.14 to $14.80 in the last 52 weeks. The 50-day moving average is $9.25 and the 200-day moving average is $9.28. LGND is estimated to earn about 26 cents per share in 2011. You can see the insider buying here.
Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) is trading around $23.82. Red Robin is a gourmet burger restaurant based in Colorado. The relative strength index is about 65. The 50-day moving average is $21.74 and the 200-day moving average is $20.27. The fact that the 50-day moving average has crossed over the 200 dma indicates a bullish uptrend called a Golden Cross Formation. These shares have traded in a range between $16.85 to $29.10 in the last 52 weeks. RRGB is estimated to earn about $1 per share in 2011. You can see the repeated insider buying here.
Grubb & Ellis Co. (GBEL) is trading around $1.13. Grubb & Ellis is a commercial real estate company based in California. The relative strength index is about 42. The 50-day moving average is $1.24 and the 200-day moving average is $1.17. The fact that the shares are trading below both the 50- and 200-day moving averages could indicate they are in a downtrend, but that hasn't stopped the insider buying. These shares have traded in a range between 91 cents to $2.35 in the last 52 weeks. GBE is estimated to lose about 75 cents per share in 2011. You can see the repeated insider buying here.
InterActiveCorp (NASDAQ:IACI) is trading around $31.73. InterActiveCorp operates a number of well-known Internet sites and is based in New York. The relative strength index is about 62. The 50-day moving average is $29.99 and the 200-day moving average is $26.58. These shares have traded in a range between $20.25 to $32.13 in the last 52 weeks. Because IACI is trading very close to its 52-week high, it appears this stock might continue to make new highs soon. IACI is estimated to earn about $1.57 per share in 2011. You can see the insider buying here.
Inland Real Estate Corp (NYSE:IRC) is trading around $9.45. Inland is real estate investment trust based in Illinois. The relative strength index is about 42. The 50-day moving average is $9.06 and the 200-day moving average is $8.23. The fact that the 50-day moving average has crossed over the 200 dma indicates a bullish uptrend called a Golden Cross Formation. These shares have traded in a range between $7.17 to $10.29 in the last 52 weeks. IRC is estimated to earn about 81 cents per share in 2011. You can see the repeated insider buying here.
Data is sourced from Yahoo Finance and Insidercow.com. The information and data is believed to be accurate, but no guarantees or representations are made.
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in GBE over the next 72 hours.
Source: 6 Stocks With Substantial Insider Buying