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 Central European Distribution
So what: There was no real news today, short interest is relatively low, and volume isn't out of this world -- but insiders are moving on this beaten-up stock nonetheless. Director Shanahan Williams made a $250,000 purchase of shares on Tuesday to go along with a similar purchase two months ago.
Now what: Traders are betting the insider purchase will give this stock legs after a hard fall in March. They may be right that this is the kind of bullish news shares need to start moving higher. I'd be a little cautious about jumping on today's drop, but when shares settle down I agree with our Motley Fool Global Gains team that this Russian vodka maker has big potential in the world's biggest vodka market.
Interested in more info on Central European Distribution? Add it to your watchlist.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
Motley Fool newsletter services have recommended Central European Distribution. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.