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It’s always a good idea to keep track of insider buying.
After all, if insiders are willing to put their money where their mouths are, there’s usually a reason for it. Here are stocks where insiders are bullish.
T-Mobile (SYM: TMUS)
Last trading at $211.30, TMUS is oversold on RSI, MACD and Williams’ %R.
From here, we’d like to see the stock initially refill its bearish gap at around $220 a share. Longer term, we’d like to see it retest $250 a share. Helping, director Andre Almeida bought 3,808 shares of TMUS for just under $900,000. Plus, the company recently set a new shareholder return program of about $14 billion, which will run through December 31, 2025.
“The new plan is in addition to the company’s shareholder return program announced last year that runs through Dec. 31, 2024,” as noted by Seeking Alpha. “As discussed at Capital Markets Day, T-Mobile US (TMUS) expects its business plan to support up to $80B in investments and capital returns between Sep. 18, 2024 and the end of 2027, of which up to $50B may be allocated for share repurchases and cash dividends.”
At the moment, as we wait for the TMUS stock to recover, we can collect its current yield of 1.67%. TMUS also declared a cash dividend of $0.88 per share, which is payable on March 13, 2025 to shareholders of record as of February 28, 2025.
CVR Partners (SYM: UAN)
CVR Partners, a manufacturer of ammonia and urea ammonium nitrate solution fertilizer products, just saw 10% owner Carl Icahn buy a total of 23,315 shares over the last few days for just over $1.8 million.
“The purchases were made at prices ranging from $70.72 to $72.36 per share. Following these transactions, Icahn’s holdings in CVR Partners have increased to 141,844 shares. These acquisitions reflect Icahn’s continued interest in CVR Partners, a company known for its involvement in the agriculture chemicals industry,” according to Investing.com.
Verisign Inc. (SYM: VRSN)
Warren Buffett’s Berkshire Hathaway just increased its stake in the VRSN stock.
Most recently, the firm picked up about 377,736 shares for about $74 million in late December. The firm now owns more than 13 million shares of VRSN, which makes Berkshire the company’s largest shareholder.
Why so confident?
For one, VRSN has a gross margin of 87.6%, a 71% operating margin and a 52% net income margin at the moment. All of which are up year over year. Two, Verisign owns the digital real estate space, controlling registrations for dot-com and dot-net in our online world.
Plus, it looks like Buffett isn’t the only one willing to share in the optimism for this stock’s potential upside. Jim Simons’ Renaissance Technologies bought another 474,270 shares this month, as well. Nordea Investment Management also picked up an $81 million position in the VRSN stock just this month. Birch Capital Management also picked up another 3,996 shares.
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