Why Tuesday Morning's Shares Popped on Tuesday

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of closeout retailer Tuesday Morning (NASDAQ: TUES  ) jumped 10% today after insider purchases and the hiring of a new CFO.

So what: Jeffrey Boyer, a former 24 Hour Fitness executive, was hired as CFO and chief administrative officer. It was also reported that CEO Michael Rouleau bought 9,768 shares on Thursday and Friday of last week, usually a bullish sign for any company.

Now what: The insider buying is probably more meaningful from an investment perspective, because a CEO has more information than public shareholders, so when one buys, it's usually a good sign. Rouleau did work with Boyer previously at craft retailer Michael's, so his addition brings a lot of experience to management. Right now I'm just not seeing the value in shares after losing money in three of the past four quarters, but watch for a turnaround that it appears management thinks is coming.

Interested in more info on Tuesday Morning? Add it to your watchlist by clicking here.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2631226, ~/Articles/ArticleHandler.aspx, 9/26/2016 10:06:37 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 50 minutes ago Sponsored by:
DOW 18,094.83 -166.62 -0.91%
S&P 500 2,146.10 -18.59 -0.86%
NASD 5,257.49 -48.26 -0.91%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/26/2016 4:00 PM
TUES $5.75 Down -0.05 -0.86%
Tuesday Morning CAPS Rating: *