3 Stocks Where Insiders Are Buying, Not Bailing

Core Insights - Insider buying is a significant trading signal indicating that executives believe their company's stock is undervalued [2] - Repeated insider buying from multiple executives is more indicative of confidence than one-time purchases [3] - Companies like Nike and AutoZone are experiencing insider buying as they navigate operational challenges and market skepticism [7] Company-Specific Insights - Nike Inc. (NYSE: NKE): The company is attempting a turnaround after facing issues such as lack of innovation and competition. Recent insider buying from two directors and the CEO suggests potential upside, with analysts setting a consensus price target of $75.32, approximately 15% above its recent closing price [4][5][6] - AutoZone Inc. (NYSE: AZO): After a significant pullback, the stock is trading nearly 30% below its consensus price target. Insider buying indicates confidence in long-term demand despite recent volatility [6][7] - SmartRent, Inc.: This company is also highlighted for its insider buying, indicating a strategic focus on turnaround efforts and market positioning [7]