Mar 29, 2016

Posted by in Stock Reports | 0 Comments

3 stocks where insider selling activity has occurred: salesforce.com, inc. (NYSE:CRM), Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX), Gulfport Energy Corporation (NASDAQ:GPOR)

3 stocks where insider selling activity has occurred: salesforce.com, inc. (NYSE:CRM), Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX), Gulfport Energy Corporation (NASDAQ:GPOR)

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.

salesforce.com, inc. (NYSE:CRM) saw an insider sell on Mar 28, 2016 that may make shareholders worried. Hawkins Mark J, Chief Financial Officer, sold 8,625 shares at $71.89 a piece. The total sale came to $620,059, leaving the total count to 6,521 shares. Its shares currently owned by company management are 0.10% while institutional investors own about 87.80%. The 6-month change recorded in total insider ownership was -72.68%. On the other side, 0.05% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved BOGER JOSHUA S, a director at Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) sold 5,130 shares at $81.38 per share to trim the total holding at 265,284 shares. Its shares currently owned by company management are 0.40% while institutional investors own about 96.30%. The 6-month change recorded in total insider ownership was -29.99%. On the other side, -0.29% change in total institutional ownership has been reported for the 3-month period.

Gulfport Energy Corporation (NASDAQ:GPOR) also received some insider trading action as Moore Michael G, who the company’s President & CEO is sold some 22,500 shares at a price of $28.38 per share to the holding that now comprises of 160,960 shares. Its shares currently owned by company management are 0.20% while institutional investors own about 93.20%. The 6-month change recorded in total insider ownership was -9.39%. On the other side, 5.07% change in total institutional ownership has been reported for the 3-month period.

 

 

 

 

 

 

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