Thanksgiving Week Insider Buying: Apple, Tuesday Morning Corp.

Uncertainty around the U.S. fiscal cliff and a holiday shortened week appear likely to have contributed to a low level of corporate insider buying for the week ended November 25, 2012.  Insider buying for the top 1500 market capitalization stocks tracked by the Stock Reports Plus totaled only $35.8 million, compared to the four week total of almost $690 million, and the 13-week total of $873 million.  The Sell to Buy Ratio for corporate insiders stood at 3.83, and the trailing four week average stood at 4.15.  That ratio is lower than the current 13-week average of 6.7.

Five stocks logged insider buying of $1 million or more and 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 $26 million bought, VM score = 82

American Express Co. (AXP.N) – about $3.9 million bought, VM score = 69

AT&T Inc. (T.N) – about $1.4 million bought, VM score = 76

Tuesday Morning Corp (TUES.O) – about $1.3 million bought, VM score = 55

Apple Inc (AAPL.O) – about $1.0 million bought, VM score = 41

$240 million in market cap Tuesday Morning Corporation has been under accumulation since October 23 by independent director Stephen R. Becker, a partner and co-founder of Becker Drapkin Management, L.P.  According to the press release Mr. Becker’s firm is focused on constructive activism in the small cap market.  As may be seen from the chart above, Tuesday Morning stock has returned over 70% year to date.

Apple board member and Disney CEO Robert Iger was the sole reported inside buyer of Apple shares last week, bringing his total share holdings to 4,667 or about $2.7 million, according to the StockReports+. 

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. 

Issues around the U.S. fiscal cliff and a holiday shortened week appear to have contributed to a low level of corporate insider buying for the week ended November 25, 2012.  Insider buying for the top 1500 market capitalization stocks tracked by the Stock Reports Plus totaled only $35.8 million, compared to the four week total of almost $690 million, and the 13-week total of $873 million.  The Sell to Buy Ratio for corporate insiders stood at 3.83, and the trailing four week average stood at 4.15.  That ratio is lower than the current 13-week average of 6.7.

Five stocks logged insider buying of $1 million or more and 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 $26 million bought, VM score = 82

American Express Co. (AXP.N) – about $3.9 million bought, VM score = 69

Tuesday Morning Corp (TUES.O) – about $71.3 million bought, VM score = 55

Apple Inc (AAPL.O) – about $1.0 million bought, VM score = 41

$240 million in market cap Tuesday Morning Corporation has been under accumulation since October 23 by independent director Stephen R. Becker, a partner and co-founder of Becker Drapkin Management, L.P.  According to the press release Mr. Becker’s firm is focused on constructive activism in the small cap market.  As may be seen from the chart above, Tuesday Morning stock has returned over 70% year to date.

Apple board member and Disney CEO Robert Iger was the sole reported inside buyer of Apple shares last week, bringing his total share holdings to 4,667 or about $2.7 million, according to the StockReports+. 

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.