We've said it over in Private Briefing many times: There are many reasons insiders sell shares of their company, but there's really only one reason they buy.
They believe their company's share price is headed higher - much higher.
And Eric M. DeMarco, CEO of high-level contractor Kratos Defense & Security Solutions, Inc (Nasdaq: KTOS), just bought 10,000 shares of his own stock.
The transaction took place Monday at $7.17 a share. Kratos zoomed nearly 9.2% yesterday to close at $7.74.
"BP, insiders are the ultimate arbiters of the future market value of a company," Money Map Press Chief Investment Strategist Keith Fitz-Gerald told me yesterday. "They enjoy the benefit of having the full purview of their company's future sales, future contracts, and future profits. They know what's coming down the pike." Full Story