Men's Wearhouse (MW) NewsBite - Insider trading Indicates Bullishness on Men's Wearhouse

Posted on Thursday, January 17, 2008 3:12 PM

Men's Wearhouse Inc. (MW) opened at 19.15. So far today, the stock has hit a low of 18.98 and a high of 19.86. MW is now trading at 19.47, up 0.39 (2.04%). The stock hit its 52 week high of 56.64 in July and set its 52 week low of 16.76 in January. MW rose during the first half of 2007, but has been falling since July. A quick look over insider trading shows that over the past month insiders have been picking up over $126 thousand worth of shares in the company, with no selling or buying activity for the past two months, indicating they feel the stock will move higher. Technical indicators for the stock are bearish but slightly improving while S&P gives MW a neutral 3 STARS (out of 5) hold rating. We will just watch this one for now. There are no hedged trades that we like for MW. [RHF - Seven Summits Strategic Investments NewsBite]