ArthroCare (ARTC) NewsBite - Lack of Insider Trading Indicates Bullishness on ARTC

ArthroCare Corp. (ARTC) opened at 36.70. So far today, the stock has hit a low of 36.49 and a high of 40.50. ARTC is now trading at 38.88, up 2.40 (6.54%). The stock hit its 52 week high of 65.70 in November and set its 52 week low of 32.47 in March. ARTC has been showing signs of weakness since November of last year. A quick look over insider trading shows no buying or selling activity over the last two months. This gives an indication that insiders are holding onto their stock possibly looking for some upside to their shares. Technical indicators for the stock are bearish and steady. If you're looking for a hedged play on this stock, consider an August bull-put credit spread below the $30 range. ARTC stock could fall up to 22.8% before expiration and this position would still be profitable.

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Related terms: insider trading, investment opinion