The Douglas family has controlled a significant portion of American Superconductor (AMSC) stock for a long time and they aren’t done yet increasing their share of the company. According to InsiderCow.com the family has purchased around another $20 million of AMSC stock over the past week. Late last year and on into January of this year, the family purchased around $40 million in AMSC stock. I can’t say they are necessarily great market timers at least in the short term. Much of the big buying spree late last year occurred when the stock was in the $35 – $37 range. It now trades around $23/share. However, they are doing just fine on the overall investment.
===> Click Here For Your FREE American Superconductor Analysis
In my opinion, while shares of AMSC remain technically weak and prone to further losses, shares may soon offer a terrific long term investment. There is some support around the 21-22 area which is the 2009 low. I just want to see lower volume selling and higher volume buying before jumping in.