Insiders Piling Into ADT
Smart Money Loves Bargain Prices
Security monitoring firm ADT took a dive recently. The stock fell to an all-time low (post spin-off from Tyco) and we sold puts on ADT. (Check out Market Shadow's Virtual Put Selling Portfolio here.)
Since then, company officers and directors have been scooping up shares while they are cheap.
First chart and table from Insider Cow.
Those who know the company best have been putting their money on the line, betting that the sell-off was overdone.
Track all Market Shadows’ closed-out and currently active (sold) put positions by clicking here.
Short ADT puts