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Insiders Snapping Up American Superconductor, Kratos and More

If you are looking for clues telling you which stocks have a good chance of increasing in value, you might want consider watching what insiders are doing. After all, talk is cheap, but when insiders put their own money on the line, you should sit up and take note.

American Superconductor Corp (AMSC) topped the insider-buying charts for the week ending July 9th as insiders snapped up 500,000 shares of company stock at a market value of $18,060,002. During the past six months, insiders have increased their overall holdings in the company by 35.53% and now own 10.05% of AMSC stock.

Kratos Defense & Security Solutions Inc (KTOS) was not far behind, with insiders buying 100,000 shares at a market value of $1,020,000. Insiders now own 2.07% of the company's stock after decreasing their overall holdings by 35.79% during the past six months.

Continue reading Insiders Snapping Up American Superconductor, Kratos and More

Analyst calls: BWLD, SNY, NYT, STP, ERIC, RTP, KTOS, ZGEN

Analyst upgrades:
  • Jefferies upgraded Buffalo Wild Wings (NASDAQ: BWLD) to Buy from Hold on valuation with the stock down 65% in two months as they believe the company has a "best-in-class fundamental story." The firm lowered its target to $25 from $30.
  • Morgan Stanley upgraded Sanofi-Aventis (NYSE: SNY) to Overweight from Equal Weight on valuation and believes near-term cost reductions could provide a positive catalyst.
  • Citigroup upgraded New York Times (NYSE: NYT) to Hold from Sell and lowered its target to $5.50 from $7 on valuation and believes the dividend cut will boost the company's liquidity.
  • Pantry (NASDAQL PTRY) was upgraded to Outperform from Market Perform at Friedman Billings.
  • LECG Corp (NASDAQ: XPRT) was raised to Buy from Neutral at UBS.
  • Thomson Reuters (NYSE: TRI) was upgraded at RBC Capital to Outperform from Sector Perform.
Analyst downgrades:
  • Jefferies downgraded Suntech (NYSE: STP) to Hold from Buy and lowered its target to $6 from $25 as they believe concerns about a convert refinancing in February 2010 will continue to weigh on the stock.
  • Credit Suisse cut Ericsson (NASDAQ: ERIC) to Underperform from Outperform due to expectations for a decline in wireless infrastructure spending.
  • ING downgraded shares of Rio Tinto (NYSE: RTP) to Hold from Buy as they believe it will be challenging for the company to execute asset sales planned at reducing debt in the current environment.

Continue reading Analyst calls: BWLD, SNY, NYT, STP, ERIC, RTP, KTOS, ZGEN

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 10, 2012: 10:20 PM

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