from money.comhttps://money.cnn.com/2002/02/28/investing/propicks/
Lon Gerber, analysts with Thomson Financial/Lancer Analytics, keeps an eye on insider transactions and has a couple of suggestions based on insider buying.
LON GERBER'S PICKS
* Regeneron Pharmaceuticals (REGN)
* Peregrine Systems (PRGN)
"The one company that really stood out was Regeneron Pharmaceuticals. We had the chairman adding $75,000 shares back on February 7. He's been at Regeneron since 1995. He previously was the CEO over at Merck," Gerber said.
"But what really sticks out in this example is his track record," he continued. "He's one of the most savvy traders that we follow. Specifically he's bought Regeneron shares 10 prior times in the past and in each of these instances the stock was higher six months later and the average gain is an amazing 120 percent."
Gerber's second pick is Peregrine Systems. "This stock was trading at a three-year low and we had a group of four insiders combining to add 52,000 shares. Again, this was on February 17. So a very bullish sign of this company as well."
Shares of Regeneron Pharmaceuticals (REGN: down $0.55 to $22.61, Research, Estimates) are in a 52-week range of $38.00 to $19.74.