Top insiders within a company buying its stock can be a bullish sign. These insiders - a group that includes CEOs, board directors, and major shareholders - likely have a deeper understanding of the company's financial health and strategic plans than the average investor. So, their insider purchases might suggest they believe the stock is undervalued.
One stock that has been the target of heavy insider buying lately is Cardlytics (CDLX), with a major stakeholder dropping multi-millions on the shares this March after a long period of inactivity. At the same time, CDLX shares have been unusually volatile. Could there be more upside in store? Let's take a closer look.
