May 25, 2016

Posted by in Stock Reports | 0 Comments

3 stocks where insider selling activity has occurred: Duke Energy Corp (NYSE:DUK), American Axle & Manufact. Holdings (NYSE:AXL), Altria (NYSE:MO)

3 stocks where insider selling activity has occurred: Duke Energy Corp (NYSE:DUK), American Axle & Manufact. Holdings (NYSE:AXL), Altria (NYSE:MO)

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.

Duke Energy Corp (NYSE:DUK) saw an insider sell on May 23, 2016 that may make shareholders worried. MCKEE E MARIE, director, sold 1,558 shares at $76.66 a piece. The total sale came to $119,436, leaving the total count to 1 shares. Its shares currently owned by company management are 0.10% while institutional investors own about 57.30%. The 6-month change recorded in total insider ownership was -3.02%. On the other side, 3.45% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved Lynch Michael Joseph, a VP Drvlne Bus Perf & Cost Mgmt at American Axle & Manufact. Holdings, Inc. (NYSE:AXL) sold 5,531 shares at $15.00 per share to trim the total holding at 18,561 shares. Its shares currently owned by company management are 1.40% while institutional investors own about 95.90%. The 6-month change recorded in total insider ownership was -6.51%. On the other side, -4.59% change in total institutional ownership has been reported for the 3-month period.

Altria Group Inc (NYSE:MO) also received some insider trading action as Sakkab Nabil Y, who the company’s Director is sold some 4,000 shares at a price of $63.20 per share to the holding that now comprises of 31,630 shares. Its shares currently owned by company management are 0.10% while institutional investors own about 62.00%. The 6-month change recorded in total insider ownership was -0.58%. On the other side, 0.42% change in total institutional ownership has been reported for the 3-month period.

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