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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

Analyst upgrades 7-13-07: CCL, HAL, MU and VRSN

MOST NOTEWORTHY: Micron Technology (MU), Halliburton Co (HAL), Visual Sciences (VSCN) and Shaw Group (SGR) fill today's noteworthy upgrade list:
  • ThinkEquity upgraded shares of Micron Technology (NYSE: MU) to Buy from Accumulate, citing strength in the PC market. The firm believes Micron is well positioned to benefit from the potential secular uptrend in the DRAM market over the next 12 months.
  • Credit Suisse upgraded shares of Halliburton (NYSE: HAL) to Outperform from Neutral citing solid cyclical fundamentals, which should offset overly negative perceptions.
  • JMP Securities upgraded Visual Sciences (NASDAQ: VSCN) to Market Perform from Underperform based on the potential acquisition.
  • Citigroup upgraded shares of Shaw Group (NYSE: SGR) to Buy from Hold to reflect the company's robust backlog growth and changes in management...
OTHER UPGRADES:
  • Thomas Weisel upgraded Zebra Tech (NASDAQ: ZBRA) to Overweight from Market Weight.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst downgrades 7-03-07: CACH, CAT, HCR and MOVI

MOST NOTEWORTHY: Caterpillar Inc (CAT), Movie Gallery (MOVI), Cache, Inc (CACH) and Manor Care, Inc (HCR) were today's noteworthy downgrades:
  • UBS downgraded shares of Caterpillar (NYSE: CAT) to Reduce from Neutral and lowered their target to $70 from $78 to reflect decelerating revenues in the company's core businesses, global capacity additions in construction machinery, competitive concerns and valuation.
  • Soleil downgraded Movie Gallery (NASDAQ: MOVI) to Sell from Hold following comments after yesterday's close about missing certain debt covenants.
  • Suntrust downgraded shares of Cache (NASDAQ: CACH) to Neutral from Buy citing the company's attempt to reconstruct itself in a difficult economic period with tough comps and in a waning trend cycle.
  • Manor Care (NYSE: HCR) was cut to Market Perform from Outperform at Wachovia, citing the acquisition by the Carlyle Group. Soleil cut Manor Care to Hold from Buy on the news...
OTHER DOWNGRADES:
  • UBS downgraded BG Group (NYSE: BRG) to Neutral from Buy.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Symbol Lookup
IndexesChangePrice
DJIA+72.8112,874.04
NASDAQ+27.512,931.39
S&P 500+9.131,351.77

Last updated: February 13, 2012: 05:15 PM

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