AutoZone (AZO) was Smart Insider's stock pick of the week after director Brian Hannasch acquired $500,000 worth of company shares at $3,393, raising his stake to $3.3 million.
Chief Financial Officer Jamere Jackson also bought $188,000 worth of AutoZone shares, Smart Insider said in a Tuesday note, adding that it ranked the stock to +N on Dec. 15 based on Jackson's purchase.
There are now two "solid purchases" to upgrade the stock, according to the note.
Smart Insider upgraded the stock to +1, or strong positive signal, from +N, or notable & positive signal, on Dec. 22.
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