Friday, November 15, 2024

Insider Buys $2M Worth of Tech Group

Trade of the Day Wake-Up Watchlist

"A $2M insider buy from the company's CFO is a very nice buy signal."

Karim Rahemtulla, Head Fundamental Tactician, Monument Traders Alliance

Karim Rahemtulla

If there was one buying signal I'd put above all the others it would be insider buying.

When I'm looking for stocks to trade, I like to find specific types of buys from key executives, directors and other insiders to see what they are doing with their own money.

This can lead to lucrative buying opportunities.

For example, I've seen insider plays result in gains as high as 2,250% in just two weeks.

And earlier this week, I was alerted to a very nice insider buy alert on Rockwell Automation (ROK).

Rockwell Automation is an American provider of industrial automation and digital transformation technologies, and on Tuesday I got alerted to a very nice buy signal.

Christian E. Roathe, the CFO of ROK, made a $2 million purchase of the company. He bought 7,237 shares at a cost of $275.11 each.

 

A $2M insider buy from a top executive is one of the strongest signals that the market can send. Because as Peter Lynch, the most successful fund manager on Wall Street, once quipped: "Insiders buy for only one reason, they think the shares are going higher."

Famous Trader Puts AI To The Test
(You're Not Going To Believe This)

Nate at Computer
 

Multimillionaire Trader just put a powerful new AI Trading research tool through the ringer and recorded it...

The results? Well, you gotta see them for yourself to believe.

See what he uncovered that will change the way he trades (forever).

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Action Plan: Although ROK shares are currently priced at $280, a $2M insider buy means the industrial group is still a strong trade candidate in The War Room.

To see exactly how I'm trading ROK, click here to learn more about The War Room.

"Second Trump Stockwave Imminent"

Trump Tower Clock
Source: Wikimedia Commons

Manward Press Chief Investment Strategist And Star Fox Business Contributor predicts massive gains ahead.

Learn how some stocks could skyrocket 1,000%+ or more when Trump returns... Just like they did during his first term.

See the shocking forecast now that could make Americans rich.

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