Bargain Hunters Take Note: Insider Cluster-Buying At TMST
February 11, 2015 at 16:26 PM EST
A particularly strong insider buying signal is what we call a "cluster-buy" where three or more different insiders make open market purchases within a short period of one another. At Timkensteel Corporation (TMST), 3 different insiders purchased 6,300 shares at an average price of $29.27/share, for a total of $184,400, with the most recent purchase on February 10, 2015.