Let This Drone Fly Without You

According to a Form 4 filed with the Securities and Exchange Commission, a trust associated with AeroVironment (AVAV) board member Arnold Fishman purchased 7,000 shares of stock in early April at prices of about $17.80 to $17.95 per share. We track insider purchases such as this one, because studies show that stocks bought by insiders tend to narrowly outperform the market.

We believe this happens because insiders already have an economic connection to the company, and so buying more shares -- which reduces the diversification of their wealth -- should signify confidence in the company. As a result, insider purchases make for a useful stock screen, and investors can evaluate whether or not the stock is worthy of further research....531 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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