I recently stumbled upon an insider transaction form that listed some of the bigger trades that took place over the Thanksgiving holiday weekend.
To say the least, I couldn’t believe what I found…
A higher-up associated with the Zillow (Z) real estate company was documented buying $24,801,270 worth of company shares in a single day!
Nobody spends that kind of cash unless they’re on to something. Here’s what this insider purchase means and how copying this trade could lead to some EASY profits.
On November 23, an insider (which I won’t name here) bought roughly 850,000 shares of Zillow!
Now, typically an investment that large means one thing and one thing only… stock prices are about to rise.
Behind the scenes, a little birdie must’ve filled this buyer in on some inside-info, which motivated him or her to go all-in.
With that said, let’s take a look at the chart for Zillow to see why this $24 million poured into the company’s stock on Thanksgiving day…
There’s no way to say for certain why $24,801,270 was suddenly invested into the stock, but the fact that Zillow shares have been in a steady uptrend is one explanation.
Aside from that, if you look closely you’ll see that prices took a decent leap, following the holiday weekend. Interesting enough, this bounce happened right after this insider funneled MILLIONS into the stock.
From the market close on Wednesday to the end of trading at my time of writing this, Zillow’s share value increased about 20%!
It just goes to show that the big purchase I came across from the insider transaction form might be useful after all.
If this trend continues, then it’s possible for Zillow shares to skyrocket back up to the high of $65.70 we saw this past June.
And if that’s the case, then expect to see a 150% profit, which I’m sure is exactly what the higher-up who bought 850,000 shares is hoping for.
There’s never a guarantee when it comes to investing in the market, but copying the greedy insiders is a wonderful tactic to incorporate with your trades if you’re looking to beat other investors to the punch.
If Zillow is on track to continuing its recent gain, then the timing is next to perfect.
As always, feel free to follow in the insider’s footsteps and take the earnings from these trades that they’re trying to hoard to themselves.
