These Stocks Have Seen Heavy Insider Buying

One of the best ways to spot potential opportunity is by tracking insiders.

After all, who knows the company better than an insider – the CEO, CFO, COO, officers, employees, and directors? If they’re buying a sizable number of shares, it’s often a good idea to start looking into why and perhaps follow them into the stock.

While it’s not always wise to base your own buying decisions solely on the actions of insiders, it can help guide your next investment decision.

Home Depot (HD)

After slipping from $420 to $280, Home Depot is technically oversold. Helping, one of the Directors at the company just bought 1,500 shares of the stock for just under $435,000. That’s also the first insider buying since December 2020.

Starbucks Corp. (SBUX)

Interim CEO, Howard Schultz just bought 137,500 shares of SBUX for just under $10 million. All after the stock was crushed to less than $70 a share from $115.

Camping World Holdings (CWH)

Director Kent Schickli recently bought 10,000 shares of the beaten down stock for $284,000.

The company also just announced it is acquiring Richardson’s RV Centers. As noted in a recent press release, “The Richardson’s RV Centers acquisition is the largest acquisition in company history and strengthens Camping World’s position as the Number 1 RV dealer in California. The agreement includes eight locations in California and Indiana: five current dealership locations, one future dealership location, and two parts and service centers.”

Audiovox Corp. (VOXX)

After slipping to a 52-week low, VOXX is showing signs of life. Helping, Director Beat Kahli just bought another 20,000 shares for $145,200 on May 20. The Director also bought 20,000 shares on May 19 for $144,400.

The company also just reported total net sales of $635.9 million, a year-over-year increase of 12.8%. In addition, all business segments reported year-over-year growth with Automotive Electronics up 22.4%, Consumer Electronics up 9.0% and Biometrics up 5.5%.

DISH Network Group (DISH)

Director James DeFranco recently picked up 1.25 million shares of DISH for about $24 million. That follows another Director’s purchase of 5,000 shares for more than $95,000. All after the stock plunged from about $34 to a low of $17.04.

DISH recently fell after saying it lost subscribers, and after posting earnings that fell short of expectations. It saw EPS of 68 cents, which missed estimates for 74 cents. Revenue of $4.35 billion also missed expectations for $4.38 billion. It also lost 228,000 subscribers. The good news – it appears most of the negativity has been priced into the stock.