Apr 22, 2016

Posted by in Stock Reports | 0 Comments

3 stocks where insider buying activity has occurred: Consolidated Edison, Inc. (NYSE:ED), Alcoa Inc (NYSE:AA), CarMax, Inc (NYSE:KMX)

3 stocks where insider buying activity has occurred: Consolidated Edison, Inc. (NYSE:ED), Alcoa Inc (NYSE:AA), CarMax, Inc (NYSE:KMX)

Insider Trading is the buying or selling of a security by someone who has access to material, nonpublic information about the security. Insider trading is legal once the material information has been made public, at which time the insider has no direct advantage over other investors. The SEC, however, still requires all insiders to report all their transactions. So, as insiders have an insight into the workings of their company, it may be wise for an investor to look at these reports to see how insiders are legally trading their stock.

It isn’t a coincidence that corporate executives seem to always buy and sell at the right times. After all, the CEOs and CFOs of the world have access to every bit of company information you could ever want. This kind of information is extremely valuable to individual investors. For example, if insiders are buying shares in their own companies, they usually know something that normal investors do not. They might buy because they see great potential, a merger, acquisition or simply because they think their stock is undervalued.

Moving on to the first insider trade Apr 15, 2016 which involved McAvoy John, a Chairman, President & CEO at Consolidated Edison, Inc. (NYSE:ED), who acquired 28 shares at $75.79 per share to put the total holding at 13,992 shares. Its shares currently owned by company management are 0.10% while institutional investors own about 53.80%. The 6-month change recorded in total insider ownership was 0.74%. On the other side, -0.23% change in total institutional ownership has been reported for the 3-month period.

Alcoa Inc (NYSE:AA) saw an insider buy stock in the company on Apr 20. TATA RATAN, director of the company, bought 2,150 shares for $10.37 per share worth a total of $22,285. After this insider buying, TATA RATAN now has a total stake of 60,501 shares in the company. Its shares currently owned by company management are 0.30% while institutional investors own about 71.60%. The 6-month change recorded in total insider ownership was 2.32%. On the other side, 1.15% change in total institutional ownership has been reported for the 3-month period.

CarMax, Inc (NYSE:KMX) also received some insider trading action as WYATT NATALIE L, who is the company’s VP, Controller & PAO added some 2,362 shares at a price of $54.15 per share to the holding that now comprises of 1,603 shares. Its shares currently owned by company management are 0.56%. The 6-month change recorded in total insider ownership was -0.12%. On the other side, -0.12% change in total institutional ownership has been reported for the 3-month period.

 

 

 

 

 

 

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