Rodney Rushing, CEO of REV Group (REVG), recently bought 19,292 shares. The buy increased his holdings by just over 2 percent, and came to a total purchase price of $306,000.
He was also joined by the company CFO, who bought 7,000 shares, paying just over $111,000. And the company’s General Counsel also bought 1,500 shares around the same time. All told, company insiders own about 3.6 percent of shares.
Over the past three years, insiders have generally been accumulating shares, with only one insider sale in early 2020.
- Man Who Predicted 2008 Crash: “The Mother of All Crashes is Coming”
If you've watched the movie The Big Short,you've heard of Michael Burry. He was one of the few who no only predicated the 2008 crash but profited from it.
He made $750 million for his investors and $100 million personally when his bet against the housing market paid off. His next big prediction?
He's warning the "mother of all crashes" is coming.
If you have any money in the markets, I urge you to click here and get the exact day of the next stock market crash.
The manufacturer and designer of farm equipment has been barely profitable in the past year, but shares have risen 138 percent on a rebounding stock market and on a bullish outlook for crop prices and agricultural demand.
Shares trade at 18 times forward earnings, even after the share price surge.
Action to take: Shares look attractive based on trends in agricultural commodities and demand. And shares are down about 25 percent from its peak in mid-April. The company recently raised its quarterly dividend for a 1.25 percent yield right now.
For traders betting on a move higher, the January 2022 $20 calls, last carrying a bid/ask spread of about $1.75, offers the potential for a high double or low triple-digit gain on a move back to the 52-week high.
Disclosure: The author of this article has no position in the stock mentioned here, and does not intend to make a trade this company after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.