It’s always interesting to see when insiders are buying at the top. Makes you wonder if you are looking at a the low end of one of those happily exponential curves. Today, insiders at Frederick’s of Hollywood Group (FOH) reported purchases just as the stock has started to hit the top of the range for the year:
However, before we get too excited, notice that the purchases have been made based on a 10b5-1 trading plan, or simply speaking have been planned purchases. One can argue that open market purchases are open market purchases not matter what, but I prefer to see a bit more spontaneity when it comes to insider trading.