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A major market correction has created much lower stock prices, and many insiders are taking advantage of this opportunity. The amount of insider buying has surged in the last few 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.

Air Transport Services Group (NASDAQ:ATSG) is trading around $4.68. ATSG is a aircraft leasing company and is based in Ohio. These shares have traded in a range between $4.30 to $8.65 in the last 52 weeks. The 50-day moving average is $5.13 and the 200-day moving average is $6.95. ATSG is estimated to earn about 68 cents per share in 2011, and earn 84 cents for 2012. An insider recently bought about 2,000 shares, and others have bought even more. This stock looks cheap and should rebound if the market calms down.

Aruba Networks (NASDAQ:ARUN) is trading at $22.03. Aruba provides business networking solutions and is based in California. These shares have traded in a range between $16.20 to $36.40 in the last 52 weeks. The 50-day moving average is $21.28 and the 200-day moving average is $26.31. ARUN is estimated to earn about 63 cents per share in 2011 and 80 cents for 2012. The director recently bought over 600,000 shares, which is many millions of dollars worth.

Belden Inc., (NYSE:BDC) is trading at $27.04. Belden is based in Missouri and manufactures cable and neworking products. These shares have a 52 week range of $24.77 and $40.41. The 50-day moving average is $31.17 and the 200-day moving average is $35, so the shares are trading well below these key support levels. Earnings estimates for BDC are at $2.38 for 2011 and $2.94 for 2012. BDC pays a dividend of 20 cents, which yields about .8%. A director recently bought 5,000 shares, and other insiders have been buying as well.

China TransInfo Technology Corp. (NASDAQ:CTFO) is trading around $2.76. China TransInfo produces software solutions primarily for use in the transportation sector, and is based in China. These shares have traded in a 52 week range between $2.07 to $6.50. The 50-day moving average is $3.31 and the 200-day moving average is $4.20. Earnings estimates for CTFO are at 54 cents per share for 2011, and 64 cents per share for 2012. The book value is reported to be $4.34. After a big drop in the stock price, it appears that the CEO (who has been making repeated insider buys) is doing some bargain-hunting.

Cousins Properties (NYSE:CUZ) is trading around $6. Cousins is a real estate investment trust and is based in Georgia. These shares have traded in a range between $5.73 to $9.19 in the last 52 weeks. The 50-day moving average is $7.25 and the 200-day moving average is $8.03. CUZ is estimated to earn 42 cents per share this year and 50 cents for next year. Cuz pays a dividend of 18 cents, which is equivalent to a yield of 3.1%. The CEO recently bought 1,000 shares for a transaction value of about $6,000, but other insiders have made even larger buys lately.

Jefferies Group, Inc. (JEF) shares are trading at $12.93. Jefferies is an investment banking company and is based in New York. These shares have traded in a range between $11.46 to $27.12 in the last 52 weeks. The 50-day moving average is $16.42 and the 200-day moving average is $21.95. Earnings estimates are at $1.29 per share for 2011 and $1.48 in 2012. JEF pays a dividend of 30 cents per share, which is equivalent to a 2.4% yield. A couple of directors recently bought about 2 million shares each, which is worth well over $2 million.

Kronos Worldwide (NYSE:KRO) shares are trading at $17.59. Kronos is a leading maker of specialty chemicals and is based in Texas. These shares have traded in a range between $15.98 to $34.50 in the last 52 weeks. The 50-day moving average is $23.44 and the 200-day moving average is $25.40. Earnings estimates indicate a profit of $2.82 per share for 2011 and $3.44 for 2012. KRO pays a dividend of 60 cents per share, which is equivalent to a 3.5% yield. The chairman recently bought 10,000 shares, and the CEO has been buying also.

Occidental Petroleum Corp. (NYSE:OXY) shares trade for $72.26. OXY is a major oild and gas exploration and production company. These shares have traded in a range between $69.90 to $117.89 in the last 52 weeks. The 50-day moving average is $87.99 and the 200-day moving average is $97.08. Earnings estimates indicate a profit of $8.19 per share for 2011 and $9.18 for 2012. OXY pays a dividend of $1.84 per share, which is equivalent to a 2.6% yield. A director recently bought 1,000 shares for a total value of about $78,000.

Data sourced from Yahoo Finance and Insidercow.com. The information and data is believed to be accurate, but no guarantees or representations are made. Rougemont is not a registered investment advisor and does not provide specific investment advice. The information contained herein is for informational purposes only.

Source: 8 Stocks With Fresh Insider Buying