These Are The Top Insider Buying Stocks For July


Insider buying has been ramping up with stocks across all sectors and industries on sale. While the list of stocks with insider purchases is long, July’s top three names are Occidental Petroleum, rocket companies, i comtech. These are the top names because their activity is not only high, but also distinguished by unusual characteristics that suggest greater potential for stock appreciation. The bottom line is that in terms of dollar value, number of insiders buying, and number of transactions, these companies are outperforming all others.



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Occidental Petroleum is back on the list

Occidental Petroleum (NYSE: OXY) has been in the news because of a series of insider purchases by investment guru Warren Buffet. Mr. Buffett and Berkshire Hathaway made 4 purchases of Occidental Petroleum shares in July, bringing the total to 11 transactions over the past 3 quarters for a total share count of just over 20%. This puts Berkshire Hathaway in a unique position, and one that the company often takes advantage of to succeed. Total institutional and corporate ownership, including Berkshire Hathaway, is over 86% and growing.

In terms of Occidental Petroleum’s value and dividend, the stock trades at a discount to its peers, which collectively trade well below the overall market average. The discount to peers is partly due to the dividend being well below peers like Exxon Mobil, but there is a mitigating factor. The company cut its dividend at the start of the pandemic and has yet to return it to those levels. In light of the extraordinary profits recorded for the second quarter, the odds are high that there will be a dividend increase, and it could be a big one. The payout is currently $0.13 per share quarterly and was previously $0.79, a difference of over 400 percentage points.
Here are the top insider buying stocks for July

Rocket companies are ramping up some insider trading

rocket companies (NYSE: GNK) is being bought by two of its experts, CEO Jay Farner and director Mattew Rizik. The two made 26 purchases in July totaling $2.85 million in shares, bringing their total preferred holdings to 94 percent. This is an overwhelming share ratio and is compounded by 3% institutional ownership and 32% short interest, making it a narrow and oversold name in the market. At face value, the ownership numbers have the stock set up to implode under the weight of short selling or rocketing higher due to the results. As it stands, the company’s revenue and earnings are in decline and analyst sentiment is mixed. Analysts see the stock as a hold, but consider it well-valued at current levels. The outlook for Q2 results isn’t bright either, but the bar is low, so there’s a chance for an outperformance that could lead to a short-covering rally and short pressure.
Here are the top insider buying stocks for July

High-yield small-cap Comtech is being bought

Comtech (NASDAQ: CMTL) is a high-performance small cap that manufactures components for the telecommunications and satellite industry. Shares are down about 3.5% after the share price correction, and at least insiders have started buying. A total of 5 insiders made 6 purchases in July for a total of $289,000, or about 0.1% of the current market cap. The purchases are noteworthy not only because of the breadth of insider buying, but because this is the first insider activity in years and the total holdings approach 6%. With a positive outlook or not, experts believe something is happening, so the news could be good in the coming months and could include an improved supply chain, improved profitability, or a better-than-expected bottom line. expected from recent offers.



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