Stock commentary site Tip Ranks looked at trades made by insiders in the last year and found Tesla CEO Elon Musk to be top dog on its leaderboard for biggest gains among most volatile trades in 2016, topping business magnate and investor Carl Icahn.
Tesla (Nasdaq: TSLA) stock receives more than its fair share of commentary from Wall Street which comes with strong short action due to the negative speculation around the company’s industry-disrupting business model.
These factors combine to create a stock with lots of die hard fans, visionaries who support the bold ideas Musk brings to the table and day traders looking to cash in on the extreme volatility of an arguably over inflated stock value based on future potential.
Looking at some of the more tactical trades, Tip Ranks noticed a trade by Musk where he bought at the ultimate low point of TSLA stock last year when the stock tanked on negative speculation prior to the Model 3 reveal. The stock would balloon after news of unprecedented reservations numbers for Model 3.
The stock soared on news of the reservations, eventually hitting $265 in April. Musk rode the roller coaster and:
“made a whopping 45% profit on his purchase of $4.4 million worth of Tesla stock in February last year. Elon Musk has a 63% success rate and incredible 122.7% average return.” – Tip Ranks
Not bad for an investment in something he fully believes in, is fully committed to and has some insights in what’s coming down the pipes for.
Disclaimer: I own TSLA stock but have no buying or selling activity planned in the next 72 hours.
The post Stock tips site ranks Tesla CEO as top insider: Musk has 123% avg. return on TSLA trades appeared first on TESLARATI.com.
The Fox News Prostitutes
Insane Bond, Stock, Real Estate Markets - Greg Hunter, Mike Maloney Video
Jason A Blows Your Mind: WTH Is Going On? This Is so Not Normal Yet it's Happening Nationwide! WTH (Mature Video) Jason A Mr Doom
Hold On! State of Emergency, Evacuations: Massive, Massive & Serious Storm Update Three Tornadoes on the Loose (Updated Massive Storm Video)
The Final Word on Alex Jones
Terrifying Warning for Americans
Operation Gotham Shield Update and the "Media Blackout" (Video)
Here's a Very Difficult Video to Watch - But Watch You Must - The Liberal Cancer of America
Serious Combat Readiness: Russia Puts Air Defense on High Alert (Video)
The Relentless Push Towards War: This Time with North Korea. Why?
Why Does Jared Kushner Look Like He Is Getting Ready to Play the Role of the Biblical Antichrist?
Staged ISIS Bombing Video. If This Doesn't Wake You Up, Nothing Will.
Major Leak at Oroville Damn Detected
Russian Military Ship Sinks After Collision
Huge Superstorm Forms Over US. Geoengineering?
Hackers Exploited Word Flaw for Months While Microsoft Investigated
Freemasons Won’t Tell You That They Worship Lucifer As The ‘Light Bearer Of The World’
Pastor Steve Cioccolanti Explains Sheol [Hell] and Seoul from the Israeli Bible
Willie Nelson Halts Concert in Texas – Country Legend was ‘Disoriented’
Israel Bombs Road To Damascus..Airport
'Shocking Footage' of Something You Have to See! (2017-2018) Jason A.
British Police Making Terror Arrests on ‘Near Daily Basis’ as Expert Estimates 10,000 UK Jihadis
Alien (1979) – The Deeper Meaning You Missed – Jay Dyer
U.S. Bumblebee Gets Federal Protection … Finally
The Bullpen Report: Why Cishek Could Be Worth Stashing, Eyeing J. Wilson & More
9 Health Benefits of Walking Barefoot and Connecting With the Earth
EPA and Energy Star Teamed to Ban Real Energy Saving Technology
American Politics Reflects Communist Rivalries
Cop Blocker Arrested for Crossing Street at DUI Checkpoint in Manchester (Video)
The Spiritual Lover of the Inner Silence