Insider trading — particularly when clusters of executives are buying their own small-mid cap stocks — can be useful in forecasting future stock movement (in this case, up).
The Motley Fool ran a really good article detailing all the insider purchases occurring in the housing sector (or ancillary sectors that might rise in sympathy with a rebound in housing).
|Cousins Properties ($CUZ)||Real Estate Investment Trust||Insiders like Lawrence Gellerstedt (CEO) and Taylor Glover (Chairman) bought $709,733 worth of stock between 8/12-8/24|
|Winthrop Realty Trust ($FUR)||Real Estate Investment Trust||Insiders like Michael Ashner (CEO) and Lee Seidler (Director) collectively bought about $2.46M worth of stock between 8/13-9/27|
|Gordmans Stores ($GMAN)||Home Furnishing Stores||Insiders like Debra Kouba (Officer), Richard Heyman (CTO), Jeffrey Gordman (CEO), Johanna Lewis (Officer), Michael James (CFO), and Michael Morand (Officer) collectively bought $532,221 worth of stock between 8/11-9/27.|
|Lennar ($LEN)||Residential Construction||Sidney Lapidus (Director) bought $97,500 worth of stock on 8/19|
|La-Z-Boy ($LZB)||Home Furnishings & Fixtures||Edwin Holman (Director) bought $20,568 worth of stock on 8/31|
|MFA Financial ($MFA)||Real Estate Investment Trust||Insiders like William Steven Gorin (President), Robin Josephs (Director), and Timothy Korth (General Counsel) collectively bought $136,778 worth of stock between 8/5-8/26|
|Select Comfort ($SCSS)||Home Furnishings & Fixtures||Jean Michel Valette (Director) bought $130,000 worth of stock on 8/27|
Source: 7 Insider Executives Betting on a Housing Recovery (Motley Fool)
photo courtesy familymwr