There are a number of reasons company insiders will sell their stock, however they will only purchase for one reason: to make more money. Therefore, we routinely look to see any notable insider purchases and found some here.
Doral Financial Corporation (DRL), through its subsidiaries, provides banking, mortgage banking, and insurance services in Puerto Rico, New York, and Florida. On Dec. 16, President and CEO Glen Wakeman bought a massive 735,835 shares. DRL is trading right near a 52-week low and has some attractive valuations at just .2x P/B and .3x P/S.
Och-Ziff Capital Management Group LLC (OZM) is a publicly owned investment manager. On Dec. 15, CEO Daniel Och bought a considerable 91,790 shares. The company has had a bad year sitting right near a 52-week low, but has some attractive valuations now at just .8x P/S, 1x PEG, and 2.4x EV/EBITDA.
OPKO Health (OPK), a pharmaceutical and diagnostics
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