whats with this Jefferies Group Inc (JEF)

EthanR answered one year ago …

A year ago JEF was a $31 stock. Today it trades at $18, up from less than $15 a short while ago. Looks like it's three different buyers too. My guess is that they feel that their company is now undervalued by historical measures, and perhaps they have reason for optimism, ie. they know something we don't. The technicals look fairly decent as well. I don't think you would see three different insiders buying that many shares just to prop up the price, especially since many of those shares were not bought at $15, but were bought after the stock was in the high $17 area. Just my opinion, do your own due dilligence, but I think you are onto something here.