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Only Nine Dow Components With Recent Insider Buying, NKE is One of Them

Apr 4 2014, 10:46am CDT | by

The officers and directors of a company tend to have a unique inside view into the business, so when these insiders make purchases, investors are wise to take notice. Presumably the only reason for...

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21 weeks ago

Only Nine Dow Components With Recent Insider Buying, NKE is One of Them

Apr 4 2014, 10:46am CDT | by

The officers and directors of a company tend to have a unique inside view into the business, so when these insiders make purchases, investors are wise to take notice. Presumably the only reason for a company insider to 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. Within the 30 components of the Dow Jones Industrial Average, only nine companies have experienced such buying over the trailing six month period, one of which was Nike (NYSE: NKE), where an investment totaling $55.7K was made by Director John C. Lechleiter. Click Here to Learn Which Other Eight Dow Components Also Had Recent Insider Buying »

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

Lechleiter bets big on NKE:

Purchased Insider Title Shares Price/Share Value
04/01/2014 John C. Lechleiter Director 750 $74.33 $55,743.82

Lechleiter’s average cost works out to $74.33/share. In trading on Friday, bargain hunters could buy shares of Nike (NYSE: NKE) and achieve a cost basis lower than Lechleiter, with shares changing hands as low as $74.02 per share. Shares of Nike were changing hands at $74.23 at last check, trading up about 0.3% on Friday. The chart below shows the one year performance of NKE shares, versus its 200 day moving average:

Looking at the chart above, NKE’s low point in its 52 week range is $58.33 per share, with $80.26 as the 52 week high point — that compares with a last trade of $74.23.

According to the ETF Finder at ETFChannel.com, NKE makes up 3.19% of the PowerShares Dynamic Large Cap Growth Portfolio ETF (AMEX: PWB) which is trading up by about 0.1% on the day Friday.


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2

3 days 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 compa ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

4 days ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedies of MH370 and ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

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