| StreetInsider.com - Insiders' Edge |  | | StreetInsider Talks Insider Buying on CNBC's Fast Money | ![]() | On CNBC's Fast Money Friday, StreetInsider.com President Lon Juricic commented on the high level recent CEO insider buying. Lon noted that last week there were 47 new strong insider buys versus a normal week of 15. Lon discussed recent insider buying at Citi (NYSE: C), GE (NYSE: GE), Dow (NYSE: DOW), Lear (NYSE: LEA) and Corning (NYSE: GLW).
Lon said that insider buying has not been a great tell recently, and if you followed insider buying by Chesapeake Energy's (NYSE: CHK) CEO Aubrey K. McClendon you would have been "smashed," as Aubrey was forced to sell nearly all his stock due to margin calls.
Lon mentioned that in 2005 when insiders at the homebuilders were selling stock "hand over fist" it was a sign of bad things to come. Lon called this level of insider selling a "frying pan over the head." He said this week's level of insider buying is also a "frying pan over the head," but on the positive side.
Lon points out that with hedge funds selling, and insiders buying like crazy "something is going on."
Link to video: http://www.cnbc.com/id/15840232?video=928597795 More Insider Trades: http://www.streetinsider.com/Insider+Trades FREE RSS Feed: http://www.streetinsider.com/freefeed.php?cid=25 | | | 
| Stock Buyback of the Day - Red Hat (RHT) Red Hat, Inc. (NYSE: RHT) announced that its Board of Directors has amended the Company's previously announced program for the repurchase of its common stock. Under the program as amended, the Company is authorized to purchase up to an aggregate of $250.0 million of the Company's common stock, without regard to amounts previously repurchased under prior programs.
Charlie Peters said, "With today’s announcement, we are increasing our capacity to repurchase Red Hat stock. We believe that repurchase programs enhance shareholder value and demonstrate our confidence in the strength of Red Hat and its long-term opportunities." More Stock Buybacks: http://www.streetinsider.com/Stock+Buybacks FREE RSS Feed: http://www.streetinsider.com/freefeed.php?cid=16 | | 
| | Upgrade To Watch - YUM! Brands (YUM) UBS upgrades YUM! Brands (NYSE: YUM) from Neutral to Buy, citing valuation after recent slide and potential for meaningful EPS growth. The firm lowered its price target on YUM! from $40 to $29.
The firm said commodity deflation, momentum in Taco Bell US and KFC China, restructuring, and platform innovation should support 2009 EPS growth. More Upgades: http://www.streetinsider.com/Upgrades FREE Upgrade RSS: http://www.streetinsider.com/freefeed.php?cid=9 |  | | 
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