CEO Buying Against the Tape. RSI Oversold.
CEO Andy Nemeth dropped $880,000 on shares at $88 while everything screams sell. The technicals are brutal across all timeframes, but RSI at 33 suggests the worst selling may be overdone. This marks the fifth insider buy in 30 days, creating a cluster pattern that amplifies the contrarian signal. Insiders on this name have nailed it 9 out of 10 times at the 90-day mark, but you're fighting heavy institutional selling pressure near-term.
The Filing
| Ticker | PATK |
| Company | PATRICK INDUSTRIES INC |
| Insider | Andy Nemeth, Chief Executive Officer |
| Buy amount | $880,000 |
| Filing date | May 6, 2026 |
| Conviction | Favorable · 69/100 |
| Setup type | Contrarian Setup |
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