Powered by Blogger.

Home

Showing posts with label Tracking Insiders. Show all posts
Showing posts with label Tracking Insiders. Show all posts

Are Insiders Buying Or Selling?

Monday, November 22, 2010

Update on Insider Buying and Selling by SP 500 companies:



Last weeks data showed the total valued purchased by SP 500 insiders was 150,673.

Yup... that's one hundred fifty thousand....

!!!!!

Total value of the shares sold by insiders? 1.247 Billion!!!!!

Read more...

Nov 12: Are Insiders Buying Or Selling?

Thursday, November 11, 2010

Here's an update to the posting Nov 10: Are Insiders Buying Or Selling?

Firstly, the good news.

Since Sep 14, the value of the shares that the insider bought is the highest, at some 9.392 million.

The bad news. The value of shares sold by insiders soared to an incredible 2.796 billion!

The updated table...




On Bloomberg news: Insider-Selling Jumps to a Record as Stocks Climb to Highest in Two Years

  • Insider-Selling Jumps to a Record as Stocks Climb to Highest in Two Years

    By Nikolaj Gammeltoft - Nov 11, 2010 1:01 PM GMT+0800

    Insider selling at Standard & Poor’s 500 Index companies reached a record in the past week as executives took advantage of a two-year high in the stock-market to sell their shares.

    Executives at 125 companies in the S&P 500 unloaded shares between Nov. 3 and Nov. 9, while sellers outnumbered buyers by more than 12 to 1. The readings are the highest based on data going back to January 2004, according to Princeton, New Jersey- based InsiderScore.com, which analyzes insider transactions disclosed to the Securities and Exchange Commission. Total net sales reached $4.5 billion, helped by Microsoft Corp. Chief Executive Officer Steve Ballmer’s divestment of about $1.34 billion in his first stock sale in seven years.

    CEOs, directors and senior officers sold stocks as the Dow Jones Industrial Average last week rallied to its highest level since before Lehman Brothers Holdings Inc.’s September 2008 bankruptcy. The gauge closed at a 12-year low on March 9, 2009, before advancing 73 percent through yesterday. The S&P 500 has jumped 16 percent since the end of August, completing five straight weekly gains to close on Nov. 5 at the highest level since the week after the Lehman filing.

    “That they’re selling at the top of the market is not a good sign,” said Hank Smith, chief investment officer at Haverford Trust Co., which manages about $6 billion in Radnor, Pennsylvania. “It’s not necessarily a sign the market is popping, because insiders always have several reasons to sell and only one reason to buy: thinking the stock will go up.”

    Capital-Gains Taxes

    While insider selling may make investors more skittish because executives presumably have the best information about their companies’ prospects, insiders may have chosen to sell now because of uncertainty about whether the capital-gains tax cuts enacted under President George W. Bush will be extended, according to Smith. The law from 2003, which reduced the capital-gains tax rate for assets owned at least a year to 15 percent from 20 percent, will expire in January unless President Barack Obama and Congress extend it.

    Microsoft’s Ballmer, who took over from Bill Gates as CEO of the Redmond, Washington-based company in 2000, said on Nov. 5 that he plans to sell as many as 75 million shares, or $2 billion based on yesterday’s closing price, to diversify his holdings and help with tax planning before the end of the year. Ballmer has already sold about 50 million shares, according to a regulatory filing.

    Bull Market

    “We are in a bull market, which typically translates into more insider selling,” said Ben Silverman, the Seattle-based research director at InsiderScore. “Capital gains tax policy may change next year and that could contribute to the selling as well -- although insiders rarely say why they’re selling.”

    The end of earnings season may also contribute to the increase in insider selling, according to Silverman, as executives are prevented from buying or selling company stock ahead of announcements. Of the companies in the S&P 500, 426 have reported since Oct. 7, according to data compiled by Bloomberg.

    Insiders increased their disposals as profits for companies in the S&P 500 are forecast to rise 37 percent to a combined $84.92 a share in 2010, according to estimates compiled by Bloomberg. That implies a price-earnings ratio of about 14.4, compared with an average multiple of 20.6 since January 1990, according to data compiled by Bloomberg.

    Insider selling among 5,168 publicly listed U.S. companies reached a four-year high, InsiderScore data show. The number of sellers doubled to 419 from 195 in the week before as they outnumbered buyers by more than 4 to 1.

    Index Gains

    The S&P 500 rose 0.4 percent to 1,218.71 yesterday in New York. The Dow gained 10.29 points, or 0.1 percent, to 11,357.04.

    Insiders of S&P companies have been net sellers for 17 straight weeks, according to InsiderScore. U.S. laws require executives and directors to disclose stock purchases or disposals within two business days. The weekly data doesn’t include transactions related to options and so-called 10b5-1 programs, which allow executives to cash out a portion of their holdings when stocks reach predetermined prices.

    InsiderScore’s Industry Score metric also reached a record -3.6 in the past week, an indication of bearishness for investors who follow it. The gauge measures insider sentiment by recording buying and selling combined with the position of the insider, how the transaction impacts an insider’s holdings and whether the disposal or acquisition came while the stock was strong or weak, among other data.

WOW!

  • Insiders of S&P companies have been net sellers for 17 straight weeks,

Looks like I have missed out several weeks of data! 17 straight weeks of insider selling!

Hmm... stock mutual funds have seen net withdrawals for 27 straight weeks!

And yeah... markets went up sharply!

On sfgate:

  • .... 1 million shares daily

    Oracle chief Larry Ellison has been selling roughly 1 million shares a day every trading day since Sept. 17 for a total of more than $1 billion. Before that, his last sale was way back in February 2008, when he finished up a similar million-share-per day sales program that started in September 2007. That one grossed about $2.1 billion, Silverman says.

    Amazon.com chief executive Jeff Bezos sold $152 million worth of stock last week, his fourth sale of the year, bringing his total sales for 2010 to about $793 million. He sold only twice in 2009 for a total of $252 million.

    Analysts who follow insider trading put more emphasis on buying than selling. Because insiders are awarded tons of stock, when they dig into their own pockets to buy more it's often viewed as a vote of confidence in their company. But insiders sell for any number of personal reasons, such as to diversify their holdings, pay off a divorcing spouse, buy a house or a sports team, or raise money for charity.

    Many executives sell according to a prearranged schedule called a 10b5-1 plan, which allows them to avoid charges that they are trading illegally on inside information. These plans make it even harder to divine what insiders are thinking. Ellison's and Bezos' sales were part of such a plan; Ballmer's were not.

    No matter how you look at it, insider selling has been accelerating.

    "In the past week, the volume of Form 4 filings rose well above the five-year moving average," says David Coleman, editor of the Vickers Weekly Insider Report

    Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/11/10/BULM1G9K0T.DTL#ixzz151SKfQsz

Past postings:

Read more...

Nov 10: Are Insiders Buying Or Selling?

Tuesday, November 9, 2010

Strange but there is no update on the weekly buying and selling by SP 500 companies from Bloomberg. I wonder why. :P

Anyway, here's the last updated table I had... (ps: rather extremely lopsided eh? :P )





However, I did notice a small commentary on CNBC: Insider Selling Spikes Post Earnings Season

  • Published: Tuesday, 9 Nov 2010 2:46 PM ET Text Size By: John Melloy
    Executive Producer, Fast Money

    After better-than-expected third quarter earnings reports pushed the S&P 500 to a new high for 2010, insider selling spiked to levels not seen since the previous high for the year reached in April. Executives fleeing their own stock prices could signal their lack of confidence in future growth prospects.

    “Last week, the volume of Form 4 filings spiked higher as the end of earnings season neared — freeing many insiders from trading restrictions
    ,” said David Coleman, editor of the Vickers Weekly Insider Report. “This ongoing pop in our Sell/Buy readings, coupled with a jump in the volume of Form 4 filings to well above the five-year average, seems to be a clear bearish signal.”

    There were more than six sales for every one buy in the last week
    , according to the report. The trailing eight-week sell-buy ratio — the preferred metric used by Vickers for timing the market — is now at almost five sell transactions for every buy, the most since April. The S&P 500 hit a new high for the year last week.

    Netflix [NFLX 170.46 1.33 (+0.79%) ], Salesforce.com [CRM 114.77 0.27 (+0.24%) ], Google [GOOG 624.82 -1.95 (-0.31%) ], Oracle [ORCL 28.74 -0.30 (-1.03%) ], Panera Bread [PNRA 91.82 -0.84 (-0.91%) ] and Imax [IMAX 22.20 -0.30 (-1.33%) ] are among the stocks most actively sold by insiders over the last 90 days, according to Vickers. This week, Microsoft [MSFT 26.95 0.14 (+0.52%) ] said in a filing that CEO Steve Ballmer sold $1.3 billion worth of the shares, his first stock sale in seven years.

    With about 90 percent of the S&P 500 having reported, one would think the spectacular results would spark an increase in insider buying, not selling. Earnings for companies in the S&P 500 jumped 31 percent in the third quarter, according to Thomson Reuters, up big from the 24 percent increase analysts estimated when the quarter ended.

    A look at the top line may give a clue as to why executives are cashing out. Revenue growth increased by just 8 percent last quarter, just one percentage point above the 7 percent growth expected by analysts at the end of the quarter. Companies have cut costs to the bone, so if sales growth is slowing the only way to beat fourth quarter earnings would be from good old-fashioned end demand.

    Still, many traders questioned whether insider selling is a good timing indicator for the market. After seeing this data, they argued that many of the insiders are just like everyone else and have been underwater since the Lehman collapse. They're now using the lifting of selling restrictions around earnings to take some profits.

    So if they’re doing it, why shouldn’t you?

Those aren't my comments, so don't flame me! :P

But I would dearly love to see last week's summary. It's a bummer that Bloomberg has not loaded any report on it yet. :(

btw... think for a moment... IF the market is on a downtrend (yeah IF).... and all these insider transactions were a BUY.... how then?

:=)

Past postings:

  1. Are Insiders Buying Or Selling?
  2. Sep 21: Are Insiders Buying Or Selling?
  3. Sep 28: Are Insiders Buying Or Selling?
  4. Oct 6: Are Insiders Buying Or Selling?
  5. Oct 11: Insider Selling Dominates Again
  6. Oct 18: Are Insiders Buying Or Selling?
  7. Oct 26: Are Insiders Buying Or Selling?
  8. 2nd Nov: Are Insiders Buying Or Selling?
  9. Summary Of Buying And Selling By SP 500 Insiders

Read more...

Summary Of Buying And Selling By SP 500 Insiders

Thursday, November 4, 2010

Bloomberg does publish the weekly buying and selling by S&P insiders. I had been tracking the data since 14 Sep 2010.

Past postings::

  1. Are Insiders Buying Or Selling?
  2. Sep 21: Are Insiders Buying Or Selling?
  3. Sep 28: Are Insiders Buying Or Selling?
  4. Oct 6: Are Insiders Buying Or Selling?
  5. Oct 11: Insider Selling Dominates Again
  6. Oct 18: Are Insiders Buying Or Selling?
  7. Oct 26: Are Insiders Buying Or Selling?
  8. 2nd Nov: Are Insiders Buying Or Selling?

I have tabulated the data into one simple data. Have a look.






ps: Carol Anne is not here. :P

Read more...

2nd Nov: Are Insiders Buying Or Selling?

Monday, November 1, 2010

Can't seem to find the link from Bloomberg again.

Sigh!

On ZH: Insider Selling Surges To Multi-Month High, Hits $662 Million, Ratio Of Selling To Buying Doubles To 423x From Week Earlier

  • Bloomberg reports that the week ending October 29 saw the largest amount of insider selling (by notional) in S&P500 stocks in months, possibly in all of 2010 (unfortunately our records don't go back all the way to the beginning of the year). Altogether, $662 million in stock was sold in the past week, compared to purchases of just $1.6 million. The result: an insider selling to buying ratio of 423x. This is nearly double the prior week's 229x. Yet the ratio was rescued by three brave buyers who bought up $787k and $407k worth of American Express and Procter and Gamble. Absent these two purchases the ratio would have been a disaster. What is more important is the denominator side of the fraction, as the total selling over the week hit what appears to have been a near-term record, at a total of $662 million. Biggest selling continues to take place at the (no surprise here) tech names which continue to be bid up by investors hoping a return of the dot com bubble. If there is a clearer indication that no bubble is imminent than relentless insider selling, someone please tell us. And this week the insider certainly are telegraphing just that when it comes to Oracle, Apple, McDonalds, Precision Castparts, EMC and Coca Cola.

On CNBC: Insider Selling Volume at Highest Level Ever Tracked .

  • The overwhelming volume of sell transactions relative to buy transactions by company insiders over the last six months in key leading sectors of the market is the worst Alan Newman, editor of the Crosscurrents newsletter, has ever seen since he began tracking the data.

    The strategist looked at insider trading activity amongst the top ten companies that make up the Nasdaq such as Apple (AAPL), Google (GOOG), and Amazon (AMZN).

    Then he analyzed the biggest members of the Retail HOLDRs ETF like Gap (GPS), Target (TGT), Costco (COST), as well as the top insiders in the semiconductor industry at companies such as Altera (ALTR), Broadcom )BRCM), and Sandisk (SNDK).

    The largest companies in three of the most important leading sectors of the market have seen their executives classified as insiders sell more than 120 million shares of stock over the last six months. Top executives at these very same companies bought just 38,000 shares over that same time period, making for an eye-popping sell to buy ratio of 3,177 to one.

    The grand total for the three sectors are “as awful as we have ever seen since we began doing this exercise years ago,” said Newman, who was ahead on such trends as the dangers of high-frequency trading and ETFs before the ‘Flash Crash’. “Clearly, insiders are seeing great value only in cash. Their actions speak volumes for the veracity for the current rally.”

    “At the risk of sounding like a broken record, we expect a significant correction,” said the newsletter editor.

ps: 8 consecutive weeks of rather strong insider selling by S&P companies.

Past postings:

  1. Are Insiders Buying Or Selling?
  2. Sep 21: Are Insiders Buying Or Selling?
  3. Sep 28: Are Insiders Buying Or Selling?
  4. Oct 6: Are Insiders Buying Or Selling?
  5. Oct 11: Insider Selling Dominates Again
  6. Oct 18: Are Insiders Buying Or Selling?
  7. Oct 26: Are Insiders Buying Or Selling?

Read more...

Oct 26: Are Insiders Buying Or Selling?

Monday, October 25, 2010

From Bloomberg:

The buyers:




The sellers:




Source: bloomberg

ps: 7 consecutive weeks already. :P

Past postings:

  1. Are Insiders Buying Or Selling?
  2. Sep 21: Are Insiders Buying Or Selling?
  3. Sep 28: Are Insiders Buying Or Selling?
  4. Oct 6: Are Insiders Buying Or Selling?
  5. Oct 11: Insider Selling Dominates Again
  6. Oct 18: Are Insiders Buying Or Selling?

Read more...

Oct 18: Are Insiders Buying Or Selling?

Monday, October 18, 2010

Can't seem to find Bloomberg's link. :(

Anyway, here's ZH cover: Insider Selling To Buying Update: 2,019 To 1

  • Just when everyone thought we may see some moderation in the wholesale dumping of equities by those who actually know what their companies are worth better than moronic stock pumpers on stations that are rapidly losing their viewership, here come the same insiders and pull the rug right from underneath the latest batch of hot potato recipients (that would be various collocated computers mostly, and involuntary taxpayers course). Two weeks ago, insiders sold "only" 1,169 times more than they bought. Alas, last week selling apparently is the new black again, with selling outpacing buying on the S&P by a factor of 2,018. Insiders in Oracle, GameStop, Google, CSX and General Mills appear to be particularly partial to the new black. Something tells us CNBC will not pick up this particular piece of news.

Past postings:

  1. Are Insiders Buying Or Selling?
  2. Sep 21: Are Insiders Buying Or Selling?
  3. Sep 28: Are Insiders Buying Or Selling?
  4. Oct 6: Are Insiders Buying Or Selling?
  5. Oct 11: Insider Selling Dominates Again

Read more...

Insider Selling Dominates Again

Monday, October 11, 2010

Past postings:

  1. Are Insiders Buying Or Selling?
  2. Sep 21: Are Insiders Buying Or Selling?
  3. Sep 28: Are Insiders Buying Or Selling?
  4. Oct 6: Are Insiders Buying Or Selling?

And here's the update for the past week: Weekly Insider Buying and Selling by S&P 500 Companies

The buyers..






The sellers...



Read more...

Oct 6: Are Insiders Buying Or Selling?

Monday, October 4, 2010

Oops!

This again is not going to be popular.

:D

Anyway past postings on this issue...

  1. Are Insiders Buying Or Selling?
  2. Sep 21: Are Insiders Buying Or Selling?
  3. Sep 28: Are Insiders Buying Or Selling?

How?

Want to take a guess on the weekly insiders buying and selling by SP 500 companies?

From Bloomberg: Weekly Insider Buying and Selling by S&P 500 Companies

Here's the purchases list...



oO

Yes.. there's ONLY two names in the list!!!!!!!!!!!

The sales..




Names include.... Philip Morris International, Nike, Murphy Oil Corp, Wal-Mart ....

ps: 4 weeks in a row where insiders sales totally dominates!

Read more...

Reply From BB: Don't Get Too Excited Over Insider Selling

Monday, September 27, 2010

From the posting: Sep 28: Are Insiders Buying Or Selling?

  • The net sum of all the buying and selling on the stock market is zero. The market doesn't notice who owns the shares.

    The market goes up and down according to a combination of perceived value and prevailing mood.

    In investing, a funny thing happens when prices are quoted minute-by-minute throughout the working day. People start to care less about the underlying value of the shares themselves and instead become fixated on where they think their prices are headed.

    And because a stock's underlying value will ultimately be realised, the net effect for all investors of buying a stock above its value will be a loss, while the net effect for all investors of buying a stock below its value will be a gain.

    We did have some fun here:

    http://fusioninvestor.blogspot.com/2008/07/blog-capsule-bullbear-vs-moolah-on.html

And ...

  • From your post:

    Oracle ELJ: He exercised a share option of 10 million shares in Apr 2010 and sold these in Sept 2010. His pre and post-option exercise shares is about the same.

    Tiffany MPW: Has sold his shares in Mar 2009, Jan 2010 and Sept 2010. In all, sold down 11.7% of his initial holding.

    MHS DJP: Sold in Aug 2009 and Sept 22. He sold at the market price and then switched to exercise his share options at lower prices.

    MHS KL: (Did something quite similar to MHS DJP)

    Amazon VHB: Sold in Sept 2009 and Sept 2010 at market prices. Share options exercised at zero cost. Now holding slightly more shares (85,000) than before (80,000).

    Moolah,

    I would not get too excited over these insiders selling. There are many reasons for these. Some may not wish to be invested in their own company. Others may already have too many stocks in their own company. Perhaps, one of the above needed some money badly for various reasons.

    What do they do with the money after selling their shares? Perhaps, some have reinvested into the stock market in other shares.

    Eh.. it is interesting to highlight all these, but what is your point? :-)

LOL!

Quote: " it is interesting to highlight all these, but what is your point? :-)"

See this is where my small brains fails me.

If this was a DOWN market and all these transactions were PURCHASES instead of sales, what would be the interpretation?

And seriously, I have no point. LOL! :-)

All these are plain market facts. No extra coatings and what have we seen for 3 weeks in a row?

Think about it... the market is saying it's going up. The so-called charts are a nice uptrend but then for 3 weeks, insiders reckons it's a good time to sell. How would you want to interpret this? Me? I am nobody. I am lousy. I am obsessive. LOL!

All I did was highlight the facts and perhaps like the continuous equity mutual fund redemption, all these means nothing. :-)

And perhaps the 'negative mindset' are horribly wrong. Yeah, the short term market voting machine are saying they wrong because the markets are moving up. Hence these issues are irrelevant. Yeah, it doesn't matter what the fundamental reasonings. Most important is the market is saying they are wrong. It doesn't matter if these 'negative mindsets' understand why the market is completely rigged and fundamentally flawed. Yeah... it simply doesn't matter.

Anyway, let's look at Oracle again.

It was my intention to highlight the link to show who was selling and the past transactions made. No need to hide anything.

Anyway, let's look at Oracles's ELLISON LAWRENCE JOSEPH disposal of shares again.

Here's Oracle 'data' sheet from finviz.

http://www.finviz.com/quote.ashx?t=orcl




( nice eh? )

And the CEO, Ellison Lawrence Josesph reckons it's a good time to dispose a chunk of his shares at around a price of 27 bucks (according to Bloomberg article ). What was interesting to note is that on finviz's data compilation on Oracle was the Street's opinion on what the stock is worth. ( Wait, I know you understand that such opinion's such be discounted but as a brief indicator, the Street reckons the stock is worth much higher and just like the general market, the Street keeps telling everyone the market should move higher. :P )

The Street's views compiled..

  • 27-Sep-10 Reiterated Barclays Capital Overweight $30 → $34

    17-Sep-10 Reiterated RBC Capital Mkts Outperform $28 → $32

    17-Sep-10 Reiterated FBR Capital Outperform $30 → $32

    17-Sep-10 Reiterated Caris & Company Buy $31 → $35

    17-Sep-10 Reiterated Barclays Capital Overweight $29 → $31

Yeah, they reckon Oracle should be worth above 30 bucks but apparently, the CEO reckons otherwise and voted with his feet.

And what was even better was that Oracle's CEO started selling on the 17 Sep, the very same day, four firms decided to uplift Oracle's target price. And yes, the gap up on the chart, happened on the 17 Sep! LOL!

ps: good or bad, I have no idea. Me just stating the facts. :D

ps: I get excited when I watch footy. Stocks and markets? They are a bore. :-)

ps: if I do get excited I do pole dancing! :-)

Read more...

Sep 28: Are Insiders Buying Or Selling?

From Bloomberg: http://www.bloomberg.com/news/2010-09-27/weekly-insider-buying-and-selling-by-s-p-500-companies.html

From ZH: http://www.zerohedge.com/article/insider-selling-buying-surpasses-1400-1

Previous postings:

Top insider sale was Oracle. CEO disposing: http://www.finviz.com/insidertrading.ashx?oc=901999&tc=7

Next was Tiffany. http://www.finviz.com/insidertrading.ashx?oc=928264&tc=7

Next Medco: http://www.finviz.com/insidertrading.ashx?oc=1257287&tc=7http://www.finviz.com/insidertrading.ashx?oc=1387813&tc=7 (both option exercise and sale)

And then Amazon, where the biggest chunk came from Senior VP who does the option exercise and sale. http://www.finviz.com/insidertrading.ashx?oc=1193122&tc=7

Read more...

Sep 21: Are Insiders Buying Or Selling?

Monday, September 20, 2010

The 'markets' are hot yes?

Here's the chart of S&P 500.


Yes, the market is clearly moving much higher. Yes, the good times are back or what!!!

But then... the glaring thing of course is the utter lack of volume. Volume means market participation and volume is less than 4B! And mind you traded volume of around 4B is already utter dismal. Yeah, it's the market broken or dead?

And then we have seen the incredible amount of money redeemed from equity mutual fund investors.

And last week, posted last Tuesday: Are Insiders Buying Or Selling?

We have Bloomberg publishing the list of S&P corporate insiders disposing their shares. The total amount of shares disposed totally dominates the amount of corporate insiders buying shares.

Which begs the questions to be asked, 'If the markets are really so hot, why are the insiders selling their shares like plaque? Why are mutual fund equity investors fleeing the stock markets? Surely they can tell that the market is hot, right? So why the disposals?'

If things are getting better then why are these insiders, who probably are more privy to the information regarding the health of their business, disposing their shares?

Anyway, here's the latest update: Weekly Insider Buying and Selling by S&P 500 Companies. ( Before you click the link or read the below, have a guess. Markets are 'so hot', what do you think the insiders are doing? Are they buying or are they selling?)

The buyers...



Yeah... that's all.

The sellers...



Well as per Bloomberg data, the SP 500 Insider Buyers purchased some 1.4 million worth of shares. The SP 500 Insider Sellers disposed some 411 million worth of shares.

How do yo want to interpret this?

Let's look at the list of sellers.

Top of the list is Heinz. Some 75.8 Million worth of shares were disposed by insiders!

Amazingly, Heniz is a featured BUY stock ( LOL!) from the Street.com (LOL! LOL! )

http://www.thestreet.com/story/10866128/4/breakout-stocks-of-the-week.html



  • Shares of Heinz have managed to trade above some heavy overhead resistance at around $47 a share. This overhead resistance level is very important, because since March the stock has failed to take it out to the upside. Investors are now going to want to watch to see if volume can continue to expand above the three-month average daily volume of 2.5 million shares. Follow through volume that is greater than the previous trading session is exactly what is happening here on Heinz. That is bullish action for any stock.
    >>>Top-Rated Food Product Stocks
    If this breakout can hold above $47, then this stock could be setting up to test the next key area of overhead resistance at around $50 to $52 a share. However, if I was long Heinz, I would not want to see the stock come back and close under $47 on heavy volume. A move like that would have me cautious on on the shares in the near term.


Here's data on Heinz: http://www.finviz.com/quote.ashx?t=HNZ&b=2

Current PE of 16.33 and a Forward PE of 14.42.

And here's the Heinz insiders who are selling..


Then we have Google.


http://www.finviz.com/quote.ashx?t=GOOG&b=2

The recommendations from the Street on Google.


Doesn't look too 'shabby' or 'bad' yes?

Most rate Google above 600. :D

And Google last traded at ONLY 508.28.

But... the insiders.... thinks otherwise. (ps the list is rather so long so I only show since Aug)


Then we have Starbucks.

http://www.finviz.com/quote.ashx?t=SBUX&b=2

Current PE 24.56, Forward PE 18.38.


Recent calls from the Street reckons that the stock should be worth around 30 bucks at least.

And what does the Insiders reckon they should do?

Apparently, even Howard Schultz, the Chairman and President, reckons that it's a wonderful time to exercise their options and dispose (or issit dump) them onto the market! (ps: did you see that the bulk of his options cost was only 10.09! And he disposed them at around 25 bucks! hey world, corporate America, the system works! Reward the rich, screw the poor! )

So the top 3 disposals from insiders.

Consider the industry/sector of their business.

And they are disposing!

How?

Of course... they could all be wrong in disposing their shares but what if they are correct?

Read more...

Are Insiders Buying Or Selling?

Monday, September 13, 2010

Them US Markets are hot eh?

Ok, we have seen equity mutual investors making continued redemptions since end April 2010.

But what about the Insiders of S&P 500 companies?

Hmm... on Bloomberg: Weekly Insider Buying and Selling by S&P 500 Companies

First the good news...




That's all.

oO

Yes, only 4 S&P Companies have seen their insiders buying stocks!

Now I like compiling such stuff into my worksheets. :D


Total amount bought by insiders US$ 509,397.

Now here come the sellers....

The list have 72 company names! LOL!

To show the list in a readable form, I have to upload in several shots.


continued.... note I use the hide function on the worksheet and ebay name is repeated...


continued... WW Grainger Inc is shown again...


and lastly....



And the TOTAL amount sold by insiders equals US$ 332,101,829.

What's the amount purchased by the insiders again? US$ 509,397



How?

ya, ya, ya... every seller got buyer and every buyer got seller....

BUT how?

What does this weekly data for the week ending Sep 10 suggest to you?

Why are the insiders selling like crazy?

Don't they know or aren't they aware that apparently things are getting better?

How now brown cow?

ps: this post does not suggest what the market will or will not do.

Read more...

  © Blogger templates Newspaper by Ourblogtemplates.com 2008

Back to TOP