Executives are buying large quantities of stock in their own companies despite the recent market turmoil. What do they know that you don’t?
Check out American Eagle , says Karen Finerman. Chairman Jay Schottenstein recently bought a lot of stock in his company, and that intrigues me. Typically insiders buy for one reason, she explains, because they think their stock is going higher.
Or look at Chesapeake Energy , adds Pete Najarian. The CEO bought 400,000 shares of this natural gas company, bringing his total stake to 2 million shares at an average price of $40 a share.