A major market correction has pushed many stocks to 52 week lows, and many insiders are taking advantage of this opportunity. The amount of insider buying has surged in the last couple of weeks. When you see insider buying at depressed prices, it often means the shares are oversold and offer great long term value. I have provided links for each stock which verifies the insider buying filed with the SEC below.
Here are the stocks:
Vistaprint (VPRT) shares are trading at $27.42. Vistaprint offers printing services and products for businesses. The shares currently trade below the 50 day moving average of $39.27 and the 200 day moving average of $46.13. These shares have traded in a 52 week range between $25.70 and $56.25.
Earnings estimates for VPRT are about $1.63 per share for 2011. VPRT shares fell off a cliff after earnings were reported. The stock was at about $45 and has dropped to the $26 level. One insider just reported buying over $1.5 million worth of stock, see that here.
General Motors (NYSE:GM) shares are trading at $21.65. These shares have a relative strength index of about 26 which indicates the shares are very oversold. GM is a leading automaker. The 50 day moving average is $28.22. Earnings estimates for GM are just over $4.27 per share in 2011 and $4.77 for 2012 so the P/E ratio is only about 5. Two officers recently bought over 5,000 shares which can be seen here.
Crimson Exploration (NASDAQ:CXPO) is trading around $2.41. Crimson is a independent oil and gas company based in Texas. These shares have traded in a range between $2 to $4.73 in the last 52 weeks. The 50 day moving average is $3.22 and the 200 day moving average is $3.76. CXPO is estimated to lose about 14 cents per share in 2011 and earn 7 cents in 2012. The book value is stated at $3.83. Crimson has interests in the key Eagle Ford range. A couple of directors have scooped up over 40,000 shares in the past few weeks, see that here.
Headwaters, Inc. (NYSE:HW), is trading around $1.90. Headwaters is a building products company based in Utah. These shares have traded in a range between $1.86 to $6.41 in the last 52 weeks. The 50 day moving average is $2.61 and the 200 day moving average is $4.25. HW is estimated to lose about 62 cents per share in 2011.
Headwaters makes a number of products including manufactured stone, shutters, roofing, siding and window products. Sales were hard hit in the recession and the housing crisis, so renewed fears of a recession has caused a decline in the stock. The CEO has purchased over 70,000 shares in August. You can see the repeated insider buying here.
Energy XXI (EXXI) is trading around $24.10. Energy XXI is a independent oil and gas company, based in Bermuda. These shares have traded in a range between $17.02 to $37.20 in the last 52 weeks. The 50 day moving average is $30.43 and the 200 day moving average is $30.48. EXXI is estimated to earn about $2.72 per share in 2012. A couple of insiders recently bought over 40,000 shares. You can see the insider buying here.
Equity One Inc. (NYSE:EQY) is trading around $17.33. Equity One is a real estate investment trust (REIT) company, based in Florida. This company focuses on shopping centers. These shares have traded in a range between $15.07 to $20.27 in the last 52 weeks. The 50 day moving average is $18.43 and the 200 day moving average is $18.18.
EQY is estimated to earn about $1.11 per share in 2011. The dividend is enticing at 88 cents per share, which is equivalent to a 5.2% yield. The chairman recently bought a few million dollars worth of this stock. You can see the insider buying here.
The 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 am long CXPO. I may buy all of these stocks soon.
Disclaimer: Rougemont is not a registered investment advisor and does not provide specific investment advice. The information contained herein is for informational purposes only.