There are different ways to classify the “most bought.” It could be the number of shares, the number of insiders, the number of buy transactions, and the dollar value of the buying. In this circumstance, it comes down to the number of shares being purchased with a minimum of two transactions.
Between June 1 and June 5, RCM Technologies Inc (NASDAQ: RCMT) saw insiders buy 1.1 million shares for a total value of $1.32 million in two separate transactions. RCMT is a microcap that is a business technology company. The buyers were Roger Ballou, director, Kevin Miller, CFO, and Vizi Bradley, Chairman and president.
Following the buying on Tuesday, the stock closed $0.63 higher for a 47% gain. The breakout followed a two-month consolidation and a formation of a double bottom. The breakout from the formation provides a projected target of $2.20. Based on the size of the move, the potential is a move to $2.70.
- The Time to Invest in 5G Is NOW
Happy Woman Holding Phone AT&T has just become the first carrier to offer 5G coverage.
Sprint's 5G network is live in Phoenix, New York City, Washington, D.C., and Los Angeles.
T-Mobile has flipped the 5G switch in six cities...
And Verizon has launched its 5G network in 13 cities.
Nearly a decade in the making, 5G is finally here...
And just ONE stock is your No. 1 chance to profit from the 5G revolution.
Here are links to the last two insider trading reports.
Action to Take: RCMT is a long opportunity on a close above $2 on above average volume. A $0.20 trailing stop could be used with a potential move to $2.70.