"One of the best ways to spot opportunity is by tracking insider buying - especially if they're buying incredibly oversold stocks."
"American Express just raised its dividend by 17% to 82 cents, which signals the company's long-term confidence in the stock."
The article discusses the significance of tracking insider trading, especially in oversold stocks, as a way to identify investment opportunities. It highlights specific insider purchases including Michael Angelakis from American Express, who bought nearly $1 million in shares, and Asana's CEO who invested $9.55 million. These transactions signal confidence in the companies' recovery from setbacks like weak earnings. The article underscores the importance of conduct due diligence alongside monitoring insider activity.
Read at 24/7 Wall St.
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