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Insiders Snapping Up Steak 'n Shake and Pharmacyclics

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

Biglari Holdings Inc. (BH) -- parent company of Steak 'n Shake -- topped the insider-buying charts for the week ending June 25 as insiders snapped up 27,834 shares of company stock at a market value of $8,871,287. During the past six months, insiders have increased their overall holdings in the company by 0.27% and now own 7.81% of BH stock.

Pharmacyclics Inc (PCYC) was not far behind, with insiders buying 1,075,270 shares at a market value of $7,000,008. Insiders now own 26.08% of the company's stock after decreasing their overall holdings by 0.67% during the past six months.

Continue reading Insiders Snapping Up Steak 'n Shake and Pharmacyclics

Market highlights for next week: Happy New Year!

Monday, December 31
  • PDUFA date for Pharmacyclics (NASDAQ: PCYC)' Xcytrin for treatment of non-small cell lung cancer patients with brain metastases.
Tuesday, January 1
  • Markets closed for New Year's holiday.
Wednesday, January 2
Thursday, January 3
Friday, January 4

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Last updated: February 12, 2012: 01:21 AM

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