Recent insider buying signals potential value in Under Armour (UA) and TTM Technologies (TTMI). Under Armour Director Mohamed El-erian made his first purchase in 12 months, acquiring $519,960 in UA shares at $5.20, while Wajid Ali bought $413,209 of TTMI at $41.32. Notably, both stocks are currently trading below these insider entry points, with UA 3.4% and TTMI 5.1% lower than their respective insider purchase prices, presenting a potential discount for investors.
Significant insider buying activity has been recorded at Under Armour (UA) and TTM Technologies (TTMI), signaling potential undervaluation. Under Armour Director Mohamed El-erian executed a notable $519,960 purchase of 100,000 shares at $5.20 each, marking his first such transaction in the past twelve months, which strengthens the signal's credibility. Concurrently, a $413,209 purchase of 10,000 TTM Technologies shares was made by Wajid Ali at $41.32 per share. In both cases, the market is currently offering lower entry points than those secured by the insiders; UA has traded 3.4% below El-erian's purchase price, while TTMI has seen a more substantial 5.1% discount to Ali's price. Despite UA trading up 1.8% and TTMI trading down 2% on the day, the core takeaway is the opportunity to acquire shares at a better price than knowledgeable insiders, suggesting a bullish conviction from individuals with intimate knowledge of these companies.
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moderately positive
Sentiment Score
0.60
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