The Big Kahuna Trade: Part 2
Insiders buying is one of my favorite buy signals for potential trades.
And one company I’ve been following this week is Zeta Global Holdings (ZETA).
I first started noticing cluster buying on ZETA early this week, and alerted War Room members.
It wasn’t long before the stock went higher, and over the last five days it’s up 25%.
As you’ll see in the chart above, the stock has been screaming over the last few days.
Some members in The War Room got on the train after I posted the cluster buying.
Here’s what a few of them had to say…
Results like these are why I love insider buying.
Insiders buy for only one reason. They think their shares are going higher. Why else would they buy in the open market? After all, they have boat loads of options already.
Insiders are sending a signal with their cash – putting their money where their mouth is.
And with so many insiders buying up ZETA, I believe the stock is still in play for another trade, but I would wait for a pullback.
In the meantime, these companies have seen significant insider buying as well:
The Estee Lauder Companies (EL): On Friday November 15, one director purchased over $20 million worth of shares The stock was purchased at an average cost of $64.01 per share. The trade represents a 49.36% increase in their position.
ZoomInfo Technologies (ZI): Company Founder Henry Schuck recently bought a whopping $5 million wroth of stock, at a price of $10.25.
Ultra Clean Holdings, Inc. (UCTT): Chief Operating Officer Bajwa Harjinder made two large purchases on Nov. 15 and Nov. 13.
Grocery Outlet Holding Corp. (GO): Director Erik Ragatz purchased $2 million shares on the company on Nov. 15.
WK Kellogg Co (KLG): Four buys totaling more than 1 million by director Gund G Zachary from Nov. 12-15.
Rockwell Automation (ROK): Two buys totaling 2million buy by the CFO on Nov. 11-12.
And, these are just since November 12!
YOUR ACTION PLAN
In The War Room, we like to use all types of strategies, from overnight trades to longer term trades. Insider trades usually fall into the long-term category, although we did close an insider trade last week that we held for less than ten days!
The key is to be able to spot a legitimate trade (not a secondary offering or an option exercise), do the analysis and send the trade… in real time. And, that’s what makes us the top dog!
Click here to join us in The War Room.
More from Trade of the Day
How Markets Could React to Nvidia’s Earnings
Nov 19, 2024