There was some substance to the meme stock hype — at least on a few of the names.
For instance, GameStop (GME) brought on former Ryan Cohen, former CEO of pet eCommerce company Chewy, as Chairman…
And his plan was to save the failing video game retailer by pivoting to eCommerce.
Other retailers seem to be taking note of the eCommerce revolution…
In fact, I just spotted a brand new eCommerce pivot opportunity you might want to jump on ASAP…
Let me show you why:
For 2 years straight, this company’s insiders have been offloading shares like crazy:
But then, you see that green line at the end.
Yep — the insiders are starting to buy again.
About 2 weeks ago, one of the directors picked up just under $400,000 of stock.
2 days later, the Chairman scooped up nearly $780,000 in shares.
Now, this is a retail company. Given the recent explosion in eCommerce, they want a piece of the pie.
This stock already has a low P/E and an attractive sales multiple.
After years of ditching their shares, the insiders buying in size only adds to our conviction in this name.
And yep — I just issued a Buy Alert on this name today. If you join Insiders Exposed today, you can grab this ticker and see the rest of our portfolio!
To do so:
Watch this video to discover the basics behind following insiders and learn more about IE.
