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 Infinera Corp. (NASDAQ: INFN ) jumped 12% Monday after a company executive purchased a significant number of shares.
So what: Specifically, an SEC filing Friday revealed Infinera CFO Brad Feller just spent over $206,000 to buy 25,000 shares at an average price of almost $8.25 per share.
Now what: As of yesterday's close, shares of Infinera had gradually drifted more than 12% lower since the company posted better-than-expected first quarter results last month. And that underperformance came despite at least one significant analyst upgrade since then. Feller's move, then, is viewed as a big vote of confidence and further negates concerns surrounding Infinera's previous slower-than-expected growth. To be sure, if Infinera can maintain its momentum and keep moving in the right direction, shares might well be able to continue rewarding patient investors from here.
The biggest thing to come out of Silicon Valley in years
In the meantime, there are plenty of other promising stocks out there for patient investors. To be sure, if you thought the iPod, the iPhone, and the iPad were amazing, just wait until you see this. One hundred of Apple's top engineers are busy building one in a secret lab. And an ABI Research report predicts 485 million of them could be sold over the next decade. But you can invest in it right now, for just a fraction of the price of Apple stock. Click here to get the full story in this eye-opening new report.