This is from the Verified Investing guys, I think it is pretty good analysis and figured all of you would find some value in it too ...
Valeant Pharmaceuticals Intl Inc (NYSE:VRX) is a pharma company that has been pounded over the last year. In August 2015, Valeant wast trading at $263.00 per share. As of yesterday, the stock closed at $23.78.
The reason Valeant Pharma is being featured as the stock of the day is because the CEO stepped up and bought 202,000 shares at an average price of $24.48. Insider buys, especially the CEO buying is very bullish for a stock as it shows confidence from the top leader of the company. Considering the stock is down over 90% and the CEO is buying a large stake, Valeant (VRX) likely is a good buy.
Hot Stock Of The Day Performance:
Thursday, June 9th: Long VXX featured. You would have profited +30% so far.
Friday, June 10th: Short USO featured. You would have profited +5% so far.
Monday, June 13th, 2016: TWTR featured. You would have profited 3% so far.
Valeant Pharmaceuticals Intl Inc (NYSE:VRX) is a pharma company that has been pounded over the last year. In August 2015, Valeant wast trading at $263.00 per share. As of yesterday, the stock closed at $23.78.
The reason Valeant Pharma is being featured as the stock of the day is because the CEO stepped up and bought 202,000 shares at an average price of $24.48. Insider buys, especially the CEO buying is very bullish for a stock as it shows confidence from the top leader of the company. Considering the stock is down over 90% and the CEO is buying a large stake, Valeant (VRX) likely is a good buy.
Hot Stock Of The Day Performance:
Thursday, June 9th: Long VXX featured. You would have profited +30% so far.
Friday, June 10th: Short USO featured. You would have profited +5% so far.
Monday, June 13th, 2016: TWTR featured. You would have profited 3% so far.
Stock Trade Of The Day
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