CFO Drops $500K Into Oversold Name
Michael Miller just bought $498,771 worth of IBP at $207.82, his 18th purchase this year. The stock is deeply oversold with RSI at 26.7, sitting right above key support at $200. Four insiders have bought in the past 30 days, creating a cluster signal in building products while discretionary names are running strong. Miller's serial buying pattern and this meaningful dollar commitment suggest he sees the technical washout as opportunity.
The Filing
| Ticker | IBP |
| Company | Installed Building Products, Inc. |
| Insider | Michael Thomas Miller, Executive VP & CFO |
| Buy amount | $498,771 |
| Filing date | May 12, 2026 |
| Conviction | Favorable · 73/100 |
| Setup type | Contrarian Setup |
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