The article discusses the significance of tracking insider trading, especially in oversold stocks, as a way to identify investment opportunities. It highlights specific insider purchases including Michael Angelakis from American Express, who bought nearly $1 million in shares, and Asana's CEO who invested $9.55 million. These transactions signal confidence in the companies' recovery from setbacks like weak earnings. The article underscores the importance of conduct due diligence alongside monitoring insider activity.
One of the best ways to spot opportunity is by tracking insider buying - especially if they're buying incredibly oversold stocks.
American Express just raised its dividend by 17% to 82 cents, which signals the company's long-term confidence in the stock.
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