18 Oversold Stocks Insiders Are Buying Like Crazy

Corporate insiders have material non-public information, and they sometimes trade based on such information. Other times they have an edge because they know their companies and industries better than almost all other investors. We believe that by imitating the stock picks of the insiders, investors are more likely to beat the market in the long term.

Below we compiled a list of oversold stocks insiders are buying like crazy. All stocks have market cap over $2 billion, lost at least 10% over the past month and were purchased by at least two insiders over the past three months.

Chesapeake Energy Corporation (NYSE:CHK)

Chesapeake Energy Corporation (CHK): Chesapeake is a producer of natural gas and oil and natural gas liquids in the United States. CHK was purchased by six insiders over the past three months and lost 13.18% over the past month. It has a market cap of $17.6B and a P/E ratio of 23.98. Mason Hawkins had $2.6 billion invested in CHK stocks.

Read the rest of the article at Seeking Alpha.

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