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Insiders know their company the best.
So, if they’re buying, there’s often a good reason for it.
Look at Norwegian Cruise Line Holdings (SYM: NCLH), for example.
After shares of NCLH gapped from about $22 to $18.24 thanks to underwhelming earnings, three insiders bought the stock. On November 6, EVP and CFO Mark Kempra bought $197,051 worth of stock. Chief Luxury Officer Jason Montague bought $252,020 worth of the stock. And the President and CEO, Harry Sommer picked up $462,932 worth of the NCLH stock.
At $18.24 a share, NCLH is oversold at support dating back to June. It’s also oversold on RSI, MACD, and Williams’ %R. The last time it became this oversold, NCLH ran from a low of about $15 a share to a high of about $27 a share.
Matador Resources (SYM: MTDR)
MTDR Chairman and CEO Joseph Foran bought 4, 000 shares on November 4 for $153,750.
This was after MTDR slipped from about $50 to less than $39 with the pullback in oil prices. The good news here is that MTDR is now oversold, and the company just declared a dividend of just over 37 cents per share, which is payable on December 5 to shareholders of record as of November 10. In addition, recent MTDR earnings weren’t too shabby.
In its third quarter, the company’s EPS of $1.36 beat by 13 cents. Revenue of $939.02 million, up 4.4% year over year, beat by $73.69 million.
Amrize Ltd. (SYM: AMRZ)
The president of Building Materials, Jaime Hill, picked up 4,000 shares of AMRZ on November 4 at $50.685, for a total transaction value of $202,740.
In October, analysts at Wells Fargo initiated an overweight rating on the stock with a price target of $57 a share. In addition, Citi analysts initiated a buy rating on AMRZ, with a $60 price target. The firm “views Amrize, the top cement producer in North America, as the best way to play the improving cement market in 2026. The company is positioned to benefit from a demand pickup in public and non-residential construction,” as noted by TipRanks.com.
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Written by Ian Cooper