Major holder adds with a $5.1 million buy.
Abrams Capital, a major stakeholder in Camping World Holdings (CWH), increased their stake by 12 percent recently, with the additional buy of 650,182 shares. The total cost for that additional stake came to just over $5.1 million, and increases the fund’s total holdings to just over 6.1 million shares.
Insider data shows that there have been no insider sales since early 2018, and insiders have been buyers at prices as high as 27 percent higher than where shares currently trade.
- “Penny Trade” Pays Warren Buffett As Much As an Extraordinary 4,429%?
"Penny Trades" are cheap and explosive...
Warren Buffett grabbed 46 million of them for 1¢ a pop.
But "Penny Trads" aren't reserved for billionaires like Buffett.
Thanks to SEC loophole 30.52, you can play them in your brokerage account.
One of these "Penny Trades" shot up 183% in one day...
Penny Trades can pay far MORE than stocks...
Our readers just saw a 19¢ trade shoot up as much as a rare 5,100%....
Shares of Camping World Holdings have dropped over 63 percent in the past year as the company has struggled with profitability and as recreational vehicles have fallen out of favor with the market on fears of an economic slowdown. At current prices, shares trade at just 8 times forward earnings, and the company pays a dividend yield just north of 4 percent.
Action to take: Shares are an attractive buy up to $9.00. At that price, investors will still get a dividend yield of 4 percent, and any changing market conditions favorable for recreational vehicles could lead shares to head far higher.
Given the large size of insider buying, traders may want to buy the March 2020 $9 calls. At a price of $1.40, or just $140 per contract, these options could double or triple if shares continue to move higher on the post-insider bounce.