7 Rallying Stocks Seeing Significant Insider Interest

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 |  Includes: CNO, JAZZ, LPX, LSI, MERC, PQ, SAH
by: Kapitall

Below is a list of 7 rallying stocks, currently trading above their 20-day, 50-day, and 200-day moving averages. Interestingly, these 7 stocks have also seen significant insider buying over the last 6 months, with increases in insider ownership above 5%. We’ve also included the net insider purchase as a percentage of share float.

Do you think this bullish behavior is likely to continue for these names? Read below, using this list as a starting-off point for your own analysis.

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List sorted by net insider purchase as a percentage of share float.

1. Mercer International Inc. (NASDAQ:MERC): Paper & Paper Products Industry. Market cap of $614.17M. The stock is currently 1.51% above the 20-day MA, 16.09% above the 50-day MA, and 87.44% above the 200-day MA. Net shares purchased by insiders over the last 6 months at 1,152,200 shares, which is a 5.80% increase in insider ownership. The net insider purchase is 3.39% of a 33.97M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 3.33). The stock has gained 155.12% over the last year.

2. PetroQuest Energy Inc. (NYSE:PQ): Independent Oil & Gas Industry. Market cap of $594.81M. The stock is currently 14.14% above the 20-day MA, 17.08% above the 50-day MA, and 36.93% above the 200-day MA. Net shares purchased by insiders over the last 6 months at 1,523,020 shares, which is a 24.40% increase in insider ownership. The net insider purchase is 2.74% of a 55.61M share float. PQ is exhibiting strong upside momentum--currently trading 14.14% above its SMA20, 17.08% above its SMA50, and 36.93% above its SMA200. PQ has had a couple of great days, gaining 5.73% over the last week.

3. Jazz Pharmaceuticals, Inc. (NASDAQ:JAZZ): Biotechnology Industry. Market cap of $1.29B. The stock is currently 15.91% above the 20-day MA, 31.62% above the 50-day MA, and 112.46% above the 200-day MA. Net shares purchased by insiders over the last 6 months at 808,856 shares, which is a 7.70% increase in insider ownership. The net insider purchase is 2.12% of a 38.17M share float. The stock has gained 9.21% over the last week.

4. Sonic Automotive Inc. (NYSE:SAH): Auto Dealerships Industry. Market cap of $740.12M. The stock is currently 1.69% above the 20-day MA, 3.34% above the 50-day MA, and 24.57% above the 200-day MA. Net shares purchased by insiders over the last 6 months at 518,313 shares, which is a 7.80% increase in insider ownership. The net insider purchase is 1.34% of a 38.57M share float. The stock is a short squeeze candidate, with a short float at 17.2% (equivalent to 9.76 days of average volume). SAH has gained 6.78% over the last week.

5. Louisiana-Pacific Corp. (NYSE:LPX): Lumber, Wood Production Industry. Market cap of $1.35B. The stock is currently 3.56% above the 20-day MA, 0.69% above the 50-day MA, and 20.91% above the 200-day MA. Net shares purchased by insiders over the last 6 months at 255,550 shares, which is a 63.90% increase in insider ownership. The net insider purchase is 0.19% of a 131.47M share float. The stock has gained 19.65% over the last year.

6. CNO Financial Group, Inc. (NYSE:CNO): Accident & Health Insurance Industry. Market cap of $1.81B. The stock is currently 3.50% above the 20-day MA, 8.47% above the 50-day MA, and 23.75% above the 200-day MA. Net shares purchased by insiders over the last 6 months at 411,050 shares, which is a 10.40% increase in insider ownership. The net insider purchase is 0.17% of a 246.45M share float. CNO might be undervalued at current levels, with a PEG ratio at 0.67, and P/FCF ratio at 2.47. The stock is also a short squeeze candidate, with a short float at 8.09% (equivalent to 10.39 days of average volume). The stock has gained 15.73% over the last year.

7. LSI Corporation (NASDAQ:LSI): Semiconductor Industry. Market cap of $4.27B. The stock is currently 7.33% above the 20-day MA, 9.66% above the 50-day MA, and 30.41% above the 200-day MA. Net shares purchased by insiders over the last 6 months at 200,761 shares, which is a 24.20% increase in insider ownership. The net insider purchase is 0.03% of a 614.93M share float. The stock has had a couple of great days, gaining 5.32% over the last week.

*Insider data sourced from Yahoo! Finance, all other data sourced from Finviz.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.