Bargain Hunters Take Note: Insider Cluster-Buying At MWA
May 08, 2013 at 11:56 AM EDT
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 Mueller Water Products Inc (MWA), 3 different insiders purchased 46,400 shares at an average price of $6.88/share, for a total of $319,347, with the most recent purchase on May 6, 2013.