Insiders are still buying up stock.

Over the last week, Best Buy CEO Corie Barry picked up 13,500 shares of BBY at an average price of $72.92 each for $984,420. This is also her first open-market buy of BBY since being named CEO in June 2019. In addition, BBY has become technically oversold at double-bottom support dating back to May 2024. It’s also over-extended on RSI, MACD and Williams’ %R.

From its current price of $73.08, we’d like to see BBY initially refill its gap at around $87.60.

SolarEdge (SEDG)

We’re also seeing strong insider buying at SolarEdge (SEDG).

Chairman Avery More just paid $411,000 for 30,000 shares at an average price of $13.70 a share. In November, he paid $2.1 million for 156,000 shares.

Helping, the company recently posted solid earnings. 

While a Q4 EPS loss of $3.52 did miss estimates by $1.86, revenue of $196.2 million beat by $6.97 million. Better, its free cash flow was $25.5 million, as compared to a year-earlier loss of $136.7 million. “We are just getting started on our turnaround story,” CEO Shuki Nir said. “The return to positive free cash flow generation in Q4 is a solid first step, and we expect to be free cash flow positive in Q1 2025 and for the full year 2025.”

Sunrun (RUN)

Sunrun (RUN) co-executive chair Edward Fenster paid $1 million for 150,000 shares at an average price of $6.80 each. The oversold solar stock now trades at $6.33, which puts it at support last seen in early 2018. While a good deal of analysts lowered their price targets on RUN, the recent insider buy is interesting. 

Plus, at $6.33 a share, a good deal of negativity has been factored in.