Blonder Tongue Labs (BDR) Stock Rockets On Insider Activities

Blonder Tongue Technologies BDR Stock News

Blonder Tongue Labs, Inc. (NYSEAMERICAN: BDR) is rocketing in the market this morning, trading on gains of well over 100% before the bell. The gains come after SEC filings show that insiders are consistently purchasing shares. Here’s what’s going on:

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BDR Stock Heads Up On SEC Filings

As mentioned above, Blonder Tongue Labs is flying in the market today after four new SEC filings show that insiders are optimistic about the future. Four key insiders of the company have been snapping up shares like they’re going out of style. Here are the names and positions of the insiders that are diving in head first:

  • Ronald Vincent Alterio – Senior VP of Engineering. SEC Filing.
  • Eric S. Skolnik – Senior VP, CFO. SEC Filing.
  • Allen Horvath – Senior VP of Operations. SEC Filing.
  • Edward Rowland Grauch – President, CEO. SEC Filing.

If you open the SEC filing links above, you’ll see that each and every one of these insiders has been actively purchasing shares for months. So, why is this sending BDR stock for the top?

Why BDR Stock Is Flying

The fact of the matter is that investors tend to follow insiders. Think about it. If you were an insider in a company and you knew that something big was coming that could send the stock soaring, wouldn’t you want to load up on shares?

The strong insider buying at Blonder Tongue Labs suggests that insiders are overwhelmingly optimistic about the company’s future. As such, investors are getting excited.

But how does that equate to gains of more than 100%?

Well, we’re talking about a stock with an ultra low float here. When low float stocks see a catalyst, we tend to see tremendous gains as demand for shares tends to outweigh supply.

That seems to be what’s happening with BDR. Insiders have proven to be overwhelmingly bullish through a slew of SEC filings. As such, this low float stock is seeing tremendous demand, resulting in a dramatic run in value.

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