It was a little more then two weeks ago, that we wrote about Origin Agritech Ltd (SEED). Since then, the stock has faded under $2 on decreasing volume. That changed this afternoon as a filing hit the wires showing the new CEO has continued buying up shares and now holds over 19% of the outstanding shares.
We will find out tomorrow whether this is the news that sprouts new life on the stock or just a short lived pop. Either way, we like a stock where the CEO is locking up shares... especially one trading near its 52 week low.
Keep Origin Agritech Ltd. (SEED) on watch for the rest of the week.