After January’s stock rally, the story in the markets for the past two months has been volatility. Stocks were on a seesaw even before the recent SVB crash, and the banking woes of the last two weeks have simply exacerbated the up and down swings.
The increased uncertainty in the market conditions has put a premium on data analysis, the ability to collect and decipher the mass of information generated by Wall Street’s aggregated trading activity. Fortunately, there are already experts out there doing just this – and investors can follow their leads to find solid stock choices.
The insiders, corporate officers with positions of high responsibility and answerable to both Boards of Directors and stockholders, have a clearer view of their own companies’ shares than any investors can get – and being human, they’ll trade on that information. To keep the playing fields fair, regulatory authorities require them to regularly publish those trading activities – and those published trades give investors a valuable peek into an array of stocks. After all, if the insiders are buying big, perhaps the stock deserves a closer look.
So we’ve done just that. Using the TipRanks data tools, we’ve picked out two stocks that feature recent multi-million insider stock buys. These aren’t your usual trades – these are company officers putting down $2 million or more in major purchases. Add to that the stocks’ Strong Buy consensus ratings and near-100% upside potential for the coming year, and there’s something to interest any investors. Here are the details.
Guardant Health (GH)
The first stock on our list is Guardant Health, a leader in innovation genomic testing. The company uses liquid biopsy, mainly blood draws, as the basis for its precision oncology testing. Guardant offers medical labs access to a range of proprietary blood tests, data sets, and advanced analytical methods, with the long-term goal of using these methods and datasets to fight various cancers.
For now, Guardant can offer several blood test kits that provide complete genomic…