Marriott Vacations Looks Like One to Watch

According to a filing with the Securities and Exchange Commission, Stephen Weisz, the CEO and president of Marriott Vacations Worldwide (VAC), purchased 7,500 shares of the company's stock on Feb. 25 at an average price of $40.31 per share. Stock of Marriott Vacations, which was spun out from Marriott International (MAR) as an independent vacation ownership property business, has more than doubled since its IPO in November 2011, but it plunged about 13% earlier in February after its results for the fourth quarter of 2012 disappointed the Street. So Weisz's purchase seems intended to capitalize on the fall in the stock price.

Interestingly, this is the first purchase we've recorded in our database for Weisz since the end of December 2011, when the stock price was below $18 per share. Insider purchases are generally considered to be bullish signals, since they signify enough confidence in the stock to overcome the benefits of diversification, and we particularly like to take note when an insider who has a good track record is buying....465 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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