 |
 |
 |
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Bargain Hunters Take Note: Insider Cluster-Buying At SJIBy Energy Stock Channel Staff, Monday, November 19, 3:47 PM ETA particularly strong insider buying signal is what we call a "cluster-buy" where three or more different insiders make open market purchases within a short period of one another. At South Jersey Industries, Inc. (NYSE:SJI), 3 different insiders purchased 4,064 shares at an average price of $46.68/share, for a total of $189,701, with the most recent purchase on November 16, 2012. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. So when multiple insiders all decide to make purchases around the same time, it could be a strong indication that the stock is undervalued. Below is a table summarizing the insider buys that make up this "cluster":
The chart below shows the one year performance of SJI shares, versus its 200 day moving average. Note that SJI's low point in its 52 week range is $45.81 per share, with $57.99 as the 52 week high point — that compares with a last trade of $47.62, with shares currently trading up about 1.3% on the day.
According to the ETF Finder at ETF Channel, SJI makes up 4.56% of the S&P SmallCap Utilities Portfolio ETF (NASDAQ:PSCU) which is trading higher by about 1.1% on the day Monday. See what other ETFs contain SJI » Special Offer: Free Sample Issue to the Preferred Stock List Newsletter plus 20% OFF your subscription
Find the right mix of model portfolios today at PortfolioChannel.com
This Article's Word Cloud:
Barpoulis
Below
Director
ETFs
List
Morrison
PSCU
Portfolio
Sarah
Share
Sims
about
average
call
cluster
company
currently
different
earned
expect
insider
insiders
make
market
most
multiple
open
other
point
purchased
purchases
range
reason
recent
share
shares
stock
stocks
strong
summarizing
that
their
trading
versus
week
what
with
would
year
your
|
