Does Insider Buying Spree Suggest These Stocks Are Poised To Explode?

Moving on to Triangle Petroleum Corporation (NYSEMKT:TPLM), the company’s Chief Financial Officer, Justin J. Bliffen, purchased 2,500 shares at a weighted average price of $1.90 on Monday. After this recent transaction, the executive currently owns 200,005 shares. It is also worth mentioning that Bliffen acquired 15,000 shares last week, which should indeed be taken as a bullish sign. The shares of the independent energy company sank after it released its financial results for the second quarter of fiscal 2016 on September 8. Triangle Petroleum reported revenues of $55.26 million, which were down by 31% year-over-year. At the same time, the company reported a net loss of $193.35 million, compared to net profit of $14.55 million reported in the same quarter a year ago. This recent slump in the company’s share price has widened their year-to-date loss to 62%. Mason Hawkins’ Southeastern Asset Management boosted its long position in Triangle Petroleum Corporation (NYSEMKT:TPLM) during the second quarter to 10.21 million shares.

Finally, we will examine the insider trading activity at Aeropostale Inc (NYSE:ARO), which saw two different insiders buy stock during the previous week. Marc D. Miller, the Chief Operating Officer and Executive Vice President purchased 60,000 shares on Friday at prices ranging between $0.72-to-$0.73, boosting his stake to 190,122 shares. This stake also includes 73,530 restricted shares that vest on March 29, 2016. David J. Dick, who has been acting as Chief Financial Officer and Senior Vice President since joining the firm on February 17, 2015, purchased a new 25,000 share-stake last week, which was acquired at prices ranging between $0.79-and-$0.80. The shares of the teen apparel retailer have lost 69% since the beginning of the year, and are currently trading below the $1 mark, and the company may be delisted from the New York Stock Exchange if it fails to rise above $1 during the next 30 consecutive trading days. Scopia Capital Management, founded by Matt Sirovich and Jeremy Mindich, remains bullish on Aeropostale Inc (NYSE:ARO), holding 9.90 million shares as of June 30.

Disclosure: None