5 Stocks Insiders Love Right Now

On the flipside, I would avoid SUMR if its trending below $3.14 and below Tuesday's low of $2.89 a share with heavy volume. If this stock starts to trend below those levels with volume, then it could easily setup to take out that recent low of $2.71 a share. I want to play this name into strength, so it's important it stays above $3.14 and challenges those breakout levels soon. Hercules Offshore

Another name insiders are snapping up here is oil well services and equipment player Hercules Offshore(HERO) , which provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry globally. Insiders are finding some deep value here since this stock has plunged 30% so far in 2012.

Hercules Offshore has a market cap of $491 million and an enterprise value of $1.16 billion. This stock trades at a reasonable valuation, with a forward price-to-earnings of 14.76. Its estimated growth rate for this year is 21.6%, and for next year it's pegged at 152.5%. This is not a cash-rich company, since the total cash position on its balance sheet is $165.06 million and its total debt is $823.89 million.

A director just bought 50,000 shares, or around $168,000 worth of stock, at $3.30 per share.