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Insider buying can be a great sign that a stock is a real value or that it is probably going higher in the near future. Due to the market correction, these stocks have declined substantially from their highs and have recently seen insiders buying shares at prices that appear to be cheap.

SIGA Technologies, Inc. (NASDAQ:SIGA) is trading around $11.12. SIGA is developing products to defend against biological warfare and is based in New York. These shares have traded in a range between $6.54 to $15.66 in the last 52 weeks. The 50-day moving average is $12.90 and the 200-day moving average is $12.42. SIGA is estimated to earn 27 cents per share this year and 97 cents for next year. You can see the insider buying here.
SIGA recently traded for around $14, but lately these shares are trading much lower due to concerns over how SIGA was awarded certain contracts. I would wait to see when these shares bottom out before considering an investment here.
Sterling Construction Co., Inc. (NASDAQ:STRL) shares are trading at $13.49. Sterling is a construction company and is based in Texas. These shares have traded in a range between $10.45 to $17 in the last 52 weeks. The 50-day moving average is $13.61 and the 200-day moving average is $13.47. Sterling is estimated to earn about 74 cents per share in 2011, and $1.09 for 2012. You can see the insider buying here.

These shares have dropped for the past couple months but have started to rally sharply. It looks like the insiders were taking advantage of the drop but now this stock has rallied so quickly that I would wait for pullbacks before considering an investment here.

Kennedy Wilson (NYSE:KW) is trading around $12.30. Kennedy Wilson is a property management company and is based in California. These shares have traded in a range between $9.19 to $12.14 in the last 52 weeks. The 50-day moving average is $11.37 and the 200-day moving average is $10.68. KW is estimated to lose about 17 cents per share in 2011 and 10 cents in 2012. You can see the insider buying here.

I really don't see why insiders are buying here; this stock looks expensive to me when looking at various metrics.

Array Biopharma, Inc. (NASDAQ:ARRY) is trading around $2.26. Array is a biopharma company based in Colorado. These shares have traded in a range between $2.05 to $3.60 in the last 52 weeks. The 50-day moving average is $2.63 and the 200-day moving average is $3. Earnings estimates are for a loss of 90 cents for 2011 and 81 cents for 2012. You can see the insider buying here.

The CEO recently bought about 25,000 shares for $2.17 per share. This stock has dropped significantly in the past several days with the stock market. It's good to see the CEO buy at the lows as a sign of confidence.

SkyPeople Fruit Juice, Inc. (NASDAQ:SPU) is trading around $2.53. SkyPeople is based in China and makes a variety of fruit juice beverages. These shares have traded in a range between $3.40 to $7.39 in the last 52 weeks. The 50-day moving average is $3 and the 200-day moving average is $4.30. Earnings estimates are 91 cents for 2011 and $1.29 for 2012. The book value is stated at $4.61. You can see the insider buying here.

The CEO recently bought 10,000 shares for $3.79 per share. This stock has dropped significantly in the past several days as concerns over small China based companies continues. This company appears to have a growing business and a strong balance sheet. It's nice to see a CEO buy at the lows as a sign of confidence.

Source: 5 Big Insider Stock Buys