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November 21, 2012

60 Seconds on: Post-Election Insider Buying


Insider buying for the week after the elections on the top 1500 market capitalization stocks, tracked by Stock Reports Plus, totaled over $126 million for the week ending November 18, compared to the four week total of almost $657 million, and the 13-week total of $958 million.  The Sell to Buy Ratio for corporate insiders stood at 3.79, and the four week average stood at 3.99.  That ratio is lower than the current 13-week average of 8.71.

Six stocks with some of the largest dollar amount of insider buys are listed below, including their StarMine Value-Momentum Model (VM) scores (from a bearish score of 1 to a bullish score of 100) versus all other US stocks (see note below).

Agco Corp (AGCO.N) – about $54 million bought, VM score = 81

Take-Two Interactive Software (TTWO.O) – about $37.5 million bought, VM score = 6

Memc Electronic Materials Inc (WFR.N) – about $7.4 million bought, VM score = 28

First Financial Bankshares Inc (FFIN.O) – about $4.7 million bought, VM score = 55

Chesapeake Energy Corp (CHK.N) – about $4.5 million bought, VM score = 85

Strayer Education (STRA.O) – about $2.8 million bought, VM score = 40

Chesapeake holds the most bullish VM score at 85 out of 100, although the Price Momentum component score in the model ranks only 7 out of 100 (see chart, green line).  As well, the three StarMine credit models rank the stock in the bottom 10% of all U.S. stocks, from the Text Mining Credit Risk Model score of 1 to the SmartRatios Credit Risk score of 10.

Note:  Value-Momentum is a combination of four StarMine models that combines two mean-reversion models of Intrinsic Valuation and Relative Valuation, and two trending models of the Analyst Revisions Model and the Price Momentum Model. The models have historically outperformed their benchmarks over time.


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