The Daily Brief | May 23, 2022

Monkeypox and Insider Buying

Top Ways to Trade the Spread of Monkeypox

Now monkeypox is making the rounds.

In fact, as we note at

“Doctors warned that numbers will rise significantly as the virus spreads through Europe and as far as the US, Canada and Australia. Spain now has the highest number of infections, outside places in Africa where the virus is endemic, with more than 50 known cases.”

Officials are even investigating a presumptive case in South Florida. Another case popped up in Massachusetts, and another in New York City. Worse, President Biden just said, “Everybody should be concerned. We’re working on it, hard to figure out what we do.” Even the World Health Organization just warned that Europe could see a wave of infections this summer.

Stocks, like Emergent Biosolutions (EBS) are pushing higher on the news. All because of its single dose smallpox vaccine, ACAM2000. Even SIGA Technologies (SIGA) is up on requests for smallpox drugs.

Trading Tips

One of the best ways to spot potential opportunities is by tracking insiders.

After all, who knows the company better than an insider – the CEO, CFO, COO, officers, employees, and directors? If they’re buying a sizable number of shares, it’s often a good idea to start looking into why and perhaps follow them into the stock.

That’s because they’re typically privy to information on new products, competition, and the operating environment of the firm. We have to consider that insiders who are buying their stock wouldn’t put up their own money unless they believed the move would be profitable. Of course, it’s not always wise to base your own buying decisions solely on the actions of insiders.

But it can help guide your next investment decision.

In recent weeks, we’ve seen a good deal of insider buying at companies, such as Starbucks (SBUX), CSX Corp. (CSX), and Uber Technologies (UBER).

Insider Buying: Audiovox Corp. (VOXX)

After slipping to a 52-week low, VOXX is showing signs of life. Helping, Director Beat Kahli just bought another 20,000 shares for $145,200 on May 20. The Director also bought 20,000 shares on May 19 for $144,400.

The company also just reported total net sales of $635.9 million, a year-over-year increase of 12.8%. In addition, all business segments reported year-over-year growth with Automotive Electronics up 22.4%, Consumer Electronics up 9.0% and Biometrics up 5.5%.

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