We recently published a list of Insiders Are Spending Big: 15 Stocks Leading in March. In this article, we are going to take a look at where CVR Energy, Inc. (NYSE:CVI) stands against other stocks that are receiving the most insider investment in March.
“The economy is strong overall and has made significant progress toward our goals over the past two years,” Federal Reserve Chair Jerome Powell said during a press conference Wednesday following the decision announcement. “Labor market conditions are solid, and inflation has moved closer to our 2% longer-run goal, though it remains somewhat elevated.”
The Fed announced on Wednesday that it would maintain the federal funds rate at its current range of 4.25% to 4.5%. It is also keeping its outlook at two rate cuts for the remainder of this year, writes CNBC.
However, the Fed also announced that “uncertainty around the economic outlook has increased.”
Following the announcement, the broader market index rose 1.08%, blue-chip companies gained 0.92% and the NASDAQ Composite jumped 1.41%.
Despite political and economic uncertainty, some analysts remain bullish on AI’s growth. Insider trading draws attention in such times, as executives have unique company insights. For example, when a CEO or CFO buys stock, it may suggest confidence in the company’s future.
However, insider selling doesn’t always signal a lack of faith—it may be due to personal financial needs or asset diversification. Executives often use pre-set plans, like 10b5-1, to ensure transparency and avoid any perception of misconduct.
While insider trading can offer hints, it should be viewed alongside other factors like financial health, market trends, and industry shifts.
Our Methodology
Using Insider Monkey’s insider trading screener, we identified stocks with the highest insider purchase values in March.
Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
For each stock, we provide details on the total value of insider purchases this month and the company’s current market capitalization.
A tanker filled with crude oil slowly unloading its cargo onto a container ship.
CVR Energy, Inc. (NYSE:CVI)
Total Value of Insider Purchases In March: $17.27 million
Market Capitalization: $2.2 billion
CVR Energy is a diversified holding company primarily focused on renewable fuels, petroleum refining, marketing, and nitrogen fertilizer manufacturing through its subsidiary, CVR Partners, LP. CVR Energy is one of billionaire hedge fund manager Carl Icahn’s top 10 stock picks.
In 2024, the company’s revenue amounted to $7.61 billion, reflecting a 17.7% decrease compared to the previous year’s $9.25 billion. Net income attributable to CVR Energy shareholders was $7 million, or 6 cents per diluted share, compared to net income of $769 million, or $7.65 per share in 2023. The adjusted loss was 51 cents per diluted share, compared to adjusted earnings of $5.64 per diluted share in the previous year.
In March, one insider acquired a total of $17.27 million worth of CVR Energy shares at an average price of $18.07 per share. The stock rose 14.62% since the beginning of the year and now trades at $21.48. Over the past 12 months, its shares lost 41.60%.
Twelve analysts rate CVR Energy, Inc. as a “Hold,” with a price target of $31.73, suggesting a potential upside of 44.77% from the latest price, writes MarketBeat.
Overall, CVI ranks 9th on our list of stocks that are receiving the most insider investment in March. While we acknowledge the potential of CVI, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CVI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires
Disclosure: None. This article is originally published at Insider Monkey.
