On October 25th 2019 the below trade signal was issued to Insider Report members. Today Ross givens issues a close for 1090%! If you want to learn more about this method of trading you can attend an On Demand webinar here…
“Today we are issuing a new stock recommendations to Insider Report members.
The pick is Cardlytics (CDLX).
Cardlytics is a small cap media firm.
The bulk of its revenue comes from its proprietary bank advertising channel which allows companies to market direct to consumers through online and mobile networks.
It’s not the simplest business model.
But revenues are steadily rising.
And so is the stock price…
Shares of CDLX are up 236% year-to-date.
More importantly, 10% owner and prominent insider, Clifford Sosin, is buying big.
He made 7 purchases in October for a total investment of $8.8 million.
Sosin is a diehard value investor who seeks to identify undervalued stocks like Cardlytics.
The fact that he is making such large buys while the stock makes new highs shows a high level of conviction.
Adding to the bullish case for CDLX, these are the first insider purchases by anyone at the company since it went public in early 2018.
Our insider’s last trade was this Monday at $37.87, so investors can still get in at the same price.
The stock has been rotating in the mid-$30 range for the past few months and will likely break out to the upside in the coming weeks.
We recommend taking a long position in CDLX before the price gets much higher.
Action to Take: Buy Cardlytics (CDLX) stock at the market. Don’t pay more than $40.
We will work an end-of-day stop at $32.00.
Speculators may consider the CDLX Apr20 $45 call options (.CDLX200417C45).
This contract is thinly traded and the spread is wide (currently $2.05 x $4.00). Use a buy limit order and try not to pay more than $4.00.”