Insider buying – especially in oversold stocks – can be a sign of potential turnaround.
Look at International Flavors & Fragrances (SYM: IFF), for example.
Oversold at $75.10, the company just issued an upbeat earnings report. Analysts at Mizuho just raised their price target on IFF to $90 with an outperform rating. Barclays upgraded the stock to overweight with a $92.11 price target. And just days ago, IFF Executive Vice President and General Counsel Steve Landsman paid $927,360 for 12,000 shares of the stock, which he picked up at an average price of $77.28 a share.
The company also declared a 40-cent dividend, which is payable on July 11 to shareholders of record as of June 20.
Advanced Micro Devices (SYM: AMD)
Oversold, Advanced Micro Devices (AMD) is just starting to pivot higher. Helping, Phil Guido, AMD’s executive vice president and chief commercial officer, paid $500,000 on Feb. 7 for 4,645 shares, an average price of $107.56 each. This was the first insider stock buying since November 2012 when CEO Lisa Su paid $98,400 for 48,000 shares at an average price of $2.05 a share.
Loop Capital just initiated a buy rating on AMD with a $175 price target. The firm says AMD has “dominant revenue exposure to mature end markets.”
Helping, AMD is exposed to a multi-billion-dollar addressable market for data center AI chips. In fact, according to company Chair and CEO Lisa Su, that addressable market for AI chips will reach $500 billion by 2028, which is up from her prior estimate for $400 billion by the time 2027 rolls around.
Amcor (SYM: AMCR)
Oversold shares of global packaging stock Amcor are also starting to pivot higher. Helping, CEO Peter Konieczny bought 100,000 shares for $1 million just days ago. The stock was also upgraded to a buy rating at Truist, citing AMCR’s acquisition of Berry Global as a key catalyst.
“The company has multiple avenues at its disposal to drive more pronounced volume growth, EBITDA, and FCF post-acquisition of Berry Global, which we view as a transformational transaction,” Michael Roxland, analyst at Truist, said in a January 6 report. “At a minimum, it affords Amcor scale in key end markets where it had smaller penetration including foodservice and beauty and personal care.”
These insider moves suggest growing confidence from corporate leaders — and in many cases, a strong setup for potential rebounds in oversold names.
Up Next: Tesla's New CEO.
The Wall Street Journal reported that Tesla is searching for a CEO to succeed Elon Musk.
A claim Elon and Tesla denied.
In fact, when it comes to Elon's next move...
THIS is the only story that matters.
It's the culmination of months of planning and preparation behind the scenes... and if you're not prepared, your life could change in ways you may find hard to understand.
That said, I wouldn't be surprised to see some people become millionaires, many times over, as a direct result of it.
My team and I were among the first to break the story of Elon's blindsiding DOGE Agenda in a viral video watched over two million times. But what most folks don't realize is:
This story is only just beginning.
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Written by Ian Cooper