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We’re starting to see some proper dip-buying in the energy space.
A director at Plains All American Pipeline (PAA) — a midstream gas company — bought nearly 2 million shares of the company’s stock.
This same director made a well-timed purchase in Whiting Petroleum Corp (WLL) back in 2020, when it was trading at $21…
It recently tagged $100 per share.
Past performance doesn’t necessarily equal future results, but this insider seems to know what he’s doing.
PetIQ is a company that offers medication for animals.
Back in May, we started to see the CFO and an EVP buy around the $14 range.
That’s a good sign…
However, the most fascinating insider activity I saw was a small purchase from a Director — only $9,000.
But it’s a first-time buy. Plus, it’s sometimes smart to pay attention to small buys like this because you don’t know the total amount the insider could buy.
Summit Financial Group’s (SMMF) stock broke out just a few days after we saw an “Extreme Buy” from a director who significantly increased her overall size.
An extreme buy, by the way, means she bought a large chunk of shares relative to her total holdings.
In this case, she increased her holdings by several hundred %.
Look for a retracement on this name for a good dip buy opportunity.
There’s your weekly watchlist picks for this week. Feel free to add them to your portfolio if you like.
And for more information about finding hot insider opportunities like these:
