360° Coverage : Only Nine Dow Components With Recent Insider Buying, NKE is One...

2 Updates

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...

Filed under: news

 
 
 

23 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.


Special Offer: Join the value investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation from Forbes
/>/>
 
Update
2

2 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
 

 
Update
1

3 weeks 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 tra ...
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

Smoking causes urological diseases
Vienna, Sep 19 (IANS) Smoking leads to a number of urological diseases, experts said.
 
 
'Angelina Effect' makes more women test for breast cancer
Islamabad, Sep 19 (IANS) At least three militants were killed Friday in a remote-controlled blast in Pakistan.
 
 
Want good raise at work? Get a supportive wife
New York, Sep 19 (IANS) Do not just blame your boss or jealous colleagues for no promotion or salary hike at work - your spouse's personality is equally important to decide if your chosen career will make you richer or poorer.
 
 
People with larger pupil size bad decision makers
London, Sep 19 (IANS) People with larger pupil size tend to be inconsistent in their decisions, says a study.
 
 
 

Latest from the Network

Katherine Heigl on 'apology tour'
Katherine Heigl is on an ''apology tour''. The 35-year-old actress was the subject of a Hollywood Reporter expose on her alleged diva behavior a year ago but her 'State of Affairs' co-star David Harbour says she is now...
Read more on Celebrity Balla
 
Ryan Gosling 'madly in love' with daughter
Ryan Gosling is ''madly in love'' with his baby daughter. The 33-year-old actor and his long-term girlfriend Eva Mendes welcomed their first child into the world last Friday (12.09.14) and the couple are both said to...
Read more on Celebrity Balla
 
Simon Le Bon can't get his kids to move out
Simon Le Bon can't get his children to move out. The Duran Duran star has daughters Amber, 25, Saffron, 22, and Tallulah, 20, with supermodel wife Yasmin Le Bon and he's confessed that although they have all grown up...
Read more on Celebrity Balla
 
Kim Kardashian West vying for Downton Abbey role
Kim Kardashian West wants to star in 'Downton Abbey'. The 'Keeping Up with the Kardashians' star is reportedly desperate to land a role in the ITV period drama, and resorted to seeking advice from Laura Carmichael, who...
Read more on Celebrity Balla
 
Prince Harry transformed into a puppet at birthday bash
Britain's Prince Harry was transformed into a ventriloquist's dummy at a party for his 30th birthday. While the flame-haired royal was initially reluctant to get on stage during the bash at Clarence House, he was...
Read more on Celebrity Balla
 
Daniel Radcliffe visits marijuana cafe
Daniel Radcliffe visited a marijuana café in Amsterdam. The 'Harry Potter' actor decided to stop by one of the famous cafes while visiting the Dutch capital and was seen looking very pleased with himself as he posed for...
Read more on Celebrity Balla
 
Iranian hardliners form 'chastity patrols'
Tehran, Sep 19 (IANS/EFE) "Chastity patrols", created by an Iranian paramilitary group, are patrolling the streets of Iran to force women to go "well covered" in public. At the beginning of summer, trendy Iranian...
Read more on Politics Balla
 
Sophia Loren celebrates 80th birthday with an exhibition
Los Angeles, Sep 19 (IANS) Italian actress Sophia Loren, who will turn 80 Saturday, will celebrate her birthday with an exhibition displaying her most prized possessions in Mexico. The Oscar winner's belongings,...
Read more on Celebrity Balla
 
Liam Neeson scared of heights
New York, Sep 19 (IANS) Actor Liam Neeson may be known as a action star, but there is one thing that terrifies him: Heights. The 62-year-old actor admits he suffers from acrophobia and can't even manage to stand on a...
Read more on Celebrity Balla
 
Jeptoo targets history in Chicago Marathon
Nairobi, Sep 19 (IANS) History will be beckoning for Boston Marathon champion Rita Jeptoo of Kenya when she lines up at the Chicago City course for the 42km race Oct 12. Jeptoo is chasing her maiden win in the World...
Read more on Sport Balla