Insiders are still taking full advantage of dips.
Look at Weatherford International (WFRD), for example.
After plummeting from about $70 to a low of $36.73 thanks to lower oil prices, director Neal Goldman paid $505,000 for 12,000 shares at an average price of $42.04 per share. Helping, the company just declared a quarterly dividend of 25 cents per share, which is payable on June 5 to shareholders of record as of May 6.
Recent earnings weren’t too shabby either. EPS of $1.03 beat by three cents. Revenue of $1.19 billion, while down 12.5% year over year, was still in line with expectations.
FTAI Aviation (FTAI)
FTAI Aviation, which owns, acquires, and sells aviation equipment for the transportation of goods and people worldwide, just saw its Chairman and CEO buy 3,000 shares of $283,620. The company’s COO also bought 6,580 shares for just over $624,000.
Helping, analysts at Stifel just upgraded the oversold stock to a buy rating with a price target of $123. The company also declared a quarterly dividend of 30 cents, which is payable on May 23 to shareholders of record as of May 16.

