360° Coverage : Top Buys by Directors: Martinez's $393.5K Bet on ANF

1 Updates

Top Buys by Directors: Martinez's $393.5K Bet on ANF

Feb 28 2014, 2:35pm CST | by

The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a...

Filed under: news

 
 
 

34 weeks ago

Top Buys by Directors: Martinez's $393.5K Bet on ANF

Feb 28 2014, 2:35pm CST | by

The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $393.5K by Arthur C. Martinez, Director at Abercrombie & Fitch Co. (NYSE: ANF).

Click here to find out which other top insider buys by company directors you need to know about »

Martinez bets big on ANF:

Purchased Insider Title Shares Price/Share Value
02/27/2014 Arthur C. Martinez Director 10,000 $39.35 $393,500.00

Martinez’s average cost works out to $39.35/share. In trading on Friday, bargain hunters could buy shares of Abercrombie & Fitch Co. (NYSE: ANF) and achieve a cost basis lower than Martinez, with shares changing hands as low as $38.72 per share. Shares of Abercrombie & Fitch Co. were changing hands at $39.50 at last check, trading up about 1.6% on Friday. The chart below shows the one year performance of ANF shares, versus its 200 day moving average:

Looking at the chart above, ANF’s low point in its 52 week range is $31.14 per share, with $55.23 as the 52 week high point — that compares with a last trade of $39.50.

According to the ETF Finder at ETFChannel.com, ANF makes up 1.39% of the First Trust Consumer Discretionary AlphaDEX Fund ETF (AMEX: FXD) which is trading lower by about 0.2% on the day Friday.


Special Offer: Free Sample Issue to the Preferred Stock List Newsletter plus 20% OFF your subscription

Source: Forbes Business

/>/>
 
Update
1

8 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (Ne ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

N-deal possible in a month: Iranian president
Tehran, Oct 28 (IANS) Iranian President Hassan Rouhani has said that a final nuclear deal between Tehran and the six world powers may be possible within a month.
 
 
Sleeping with more women reduces prostate cancer risk: Study
Toronto, Oct 28 (IANS) As compared to men who have had only one partner during their lifetime, having sex with more than 20 women is associated with a 28 percent lower risk of being diagnosed with prostate cancer, research shows.
 
 
Population reduction no answer to environmental problems
Melbourne, Oct 28 (IANS) Policies targetting population reduction will not immediately solve issues of global sustainability simply because the world population is now so huge that there is no quick fix to the "virtually locked-in" population growth, a reserach has said.
 
 
Google offers free access to satellite images
New York, Oct 28 (IANS) Tracking melting glaciers, deforestation or disappearing elephants has been made easier as Google has now allowed access to real time, updated satellite images through its Skybox programme.
 
 
 

Latest from the Network

Pistorius prosecutors to appeal verdict, sentence
Johannesburg, Oct 28 (IANS/EFE) South African prosecutors involved in the Oscar Pistorius case will appeal the verdict and sentence on the double-amputee Olympic athlete's manslaughter conviction, which resulted in a...
Read more on Politics Balla
 
Racers from 24 nations to compete in Mexico's Baja 1000
Mexico City, Oct 28 (IANS) The 2014 Baja 1000 off-road race through Mexico's Baja California Peninsula will feature competitors from 24 countries, organisers said. The competition, now in its 47th edition, will take...
Read more on Sport Balla
 
Pakistanis protest India's 'occupation' in Kashmir
Islamabad, Oct 28 (IANS) Pakistanis across the world held demonstrations to mark the anniversary of what they termed as India's invasion and occupation of Kashmir Oct 27, 1947, media reported Tuesday. The Pakistani...
Read more on Politics Balla
 
New Zealand, US to hold joint military exercise
Wellington, Oct 28 (IANS) New Zealand and the US will conduct a month-long joint military exercise next month to test their deployment agility. The New Zealand Defence Force (NZDF) Tuesday said that its army and air...
Read more on Politics Balla
 
Pakistan prepares to cope with cyclone
Islamabad, Oct 28 (IANS) Pakistan is gearing up to cope with a cyclone headed its way. National Disaster Management Authority (NDMA) has been asked to take necessary measures to meet the challenge posed by cyclone...
Read more on Politics Balla
 
Future-focused women fight climate change better
Washington, Oct 28 (IANS) Future-oriented women are more likely to take concrete steps to reduce global warming, says a study. "They are more politically liberal and liberals are more likely to value the environment...
Read more on Politics Balla
 
Infants know what your eyes tell
New York, Oct 28 (IANS) The ability to respond to eye cues develops during infancy - at seven or so months, finds research. "Our study provides developmental evidence for the notion that humans possess specific brain...
Read more on Business Balla
 
US concerned over Israeli decision on new homes
Washington, Oct 28 (IANS) The US is "deeply concerned" by reports that Israel would build more settler homes in east Jerusalem, the state department has said. "Israel's leaders have said they would support a pathway...
Read more on Politics Balla
 
Malaysian diplomat on sex attack charge granted bail
Wellington, Oct 28 (IANS) A Malaysian diplomat accused of a sex attack on a young woman here in May was granted bail on his second appearance since his extradition in the Wellington District Court Tuesday. Former...
Read more on Politics Balla
 
NASA tool to identify drought-resilient plants
Washington, Oct 28 (IANS) The US space agency is developing a new space-based instrument to study how plants react to heat and water stress and identify drought-resilient plants. The instrument called the ECOsystem...
Read more on Business Balla