Apr 26, 2016

Posted by in Stock Reports | 0 Comments

3 stocks where insider buying activity has occurred: Ares Capital Corporation (ARCC), Consolidated Edison, Inc. (ED), Inovio Pharmaceuticals Inc (INO)

3 stocks where insider buying activity has occurred: Ares Capital Corporation (ARCC), Consolidated Edison, Inc. (ED), Inovio Pharmaceuticals Inc (INO)

As a general rule, insider buying shows management’s confidence in the company, and is considered a bullish sign—in other words a sign that stock prices are likely to go up. Conversely, insider selling is considered bearish—those in the know may be off loading their stocks in an expectation that prices will soon fall. So it pays to keep an eye on the activities of insiders.

Studies have shown that prompt and timely dissemination of insider transactions are profitable for investors, as insiders tend to beat the market. The odds in favor of an insider purchase being followed by further purchases are three times greater than the odds of a purchase followed by a sale.

Moving on to the first insider trade Apr 15, 2016 which involved COLLINS MORTON, a director at Inovio Pharmaceuticals Inc (NASDAQ:INO), who acquired 68,400 shares at $9.52 per share to put the total holding at 64,750 shares. Its shares currently owned by company management are 3.80% while institutional investors own about 32.70%. The 6-month change recorded in total insider ownership was 2.59%. On the other side, -0.08% change in total institutional ownership has been reported for the 3-month period.

Ares Capital Corporation (NASDAQ:ARCC) saw an insider buy stock in the company on Apr 20. BARTLETT STEVE, director of the company, bought 200 shares for $15.05 per share worth a total of $3,010. After this insider buying, BARTLETT STEVE now has a total stake of 5,600 shares in the company. Its shares currently owned by company management are 0.40% while institutional investors own about 48.90%. The 6-month change recorded in total insider ownership was 5.58%. On the other side, -1.02% change in total institutional ownership has been reported for the 3-month period.

Consolidated Edison, Inc. (NYSE:ED) also received some insider trading action as McAvoy John, who is the company’s Chairman, President & CEO added some 28 shares at a price of $75.79 per share to the holding that now comprises of 13,992 shares. Its shares currently owned by company management are 0.10% while institutional investors own about 53.90%. The 6-month change recorded in total insider ownership was 0.74%. On the other side, -0.10% change in total institutional ownership has been reported for the 3-month period.

 

 

 

 

 

 

 

Comments are closed.