National American University Holdngs Inc (NASDAQ: NAUH) is having an incredibly strong trading session in the market today, and for good reason. Insiders disclused the purchase of shares, leading to what looks like a short squeeze. Today, we’ll talk about:
- The news;
- what we’re seeing from NAUH as a result; and
- what we’ll be watching for ahead.
NAUH Insiders Buy Shares
As mentioned above, National American University Holdings is having an incredibly strong start to the trading session today, and for good reason. The company issued an SEC filing announcing that insiders have purchased shares. According to the filing, Dr. Ronald L. Shape, COO at NAUH purchased 957 shares. Dr. David Heflin, CFO at the company also picked up 957 shares. Finally, John Woosley Vice President of HR at the company picked up 879 shares.
While the shares purchased that were picked up were a very small amount, the news led to a slight bump in the value of NAUH. From there, the short squeeze ensued. After all, before the announcement, this was another low floater that had quite a bit of short interest. So, when the stock edged upward, shorts started to abandon their position, leading to even more excitement surrounding the ticker.
What We’re Seeing From The Stock
As investors, one of the first lessons that we learn when we start to dig into the market is that the news leads to moves. In the case of National American University, the news proved to be positive. Not only have insiders picked up shares, further aligning their interests with investors, a short squeeze is happening as a result. So, it comes as no surprise to see that the stock is seeing dramatic gains in the market today. As is normally the case, our partners at Trade Ideas were the first to alert us to the movement. At the moment (11:40), NAUH is trading at $141.18 per share after a gain of $1.23 per share or 0.72% thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on NAUH. In particular, we’re interested in learning following the technical data as this short squeeze may be far from over. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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