Mar 30, 2016

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3 Stocks With Insider Buying: New York Community Bancorp, Inc. (NYSE:NYCB), LKQ Corporation (NASDAQ:LKQ), Bank of America (NYSE:BAC)

3 Stocks With Insider Buying: New York Community Bancorp, Inc. (NYSE:NYCB), LKQ Corporation (NASDAQ:LKQ), Bank of America (NYSE:BAC)

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 Mar 23, 2016 which involved CIAMPA DOMINICK, a director at New York Community Bancorp, Inc. (NYSE:NYCB), who acquired 10,000 shares at $158,100 per share to put the total holding at 23,182 shares. Its shares currently owned by company management are 1.00% while institutional investors own about 58.70%. The 6-month change recorded in total insider ownership was 0.65%. On the other side, 10.50% change in total institutional ownership has been reported for the 3-month period.

LKQ Corporation (NASDAQ:LKQ) saw an insider buy stock in the company on Mar 24. MEISTER PAUL M, director of the company, bought 10,000 shares for $30.04 per share worth a total of $300,390. After this insider buying, MEISTER PAUL M now has a total stake of 184,998 shares in the company. Its shares currently owned by company management are 0.80% while institutional investors own about 94.30%. The 6-month change recorded in total insider ownership was -1.01%. On the other side, -0.69% change in total institutional ownership has been reported for the 3-month period.

Bank of America Corp (NYSE:BAC) also received some insider trading action as BANK OF AMERICA CORP /DE/, who is the company’s 10% Owner added some 5 shares at a price of $14.70 per share to the holding that now comprises of 5 shares. Its shares currently owned by company management are 0.06% while institutional investors own about 64.30%. The 6-month change recorded in total insider ownership was 1.72%. On the other side, 1.34% change in total institutional ownership has been reported for the 3-month period.

 

 

 

 

 

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