Jun 21, 2016

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3 Stocks With Insider Selling: Plug Power Inc (NASDAQ:PLUG), Pandora Media Inc (NYSE:P), Illumina, Inc. (NASDAQ:ILMN)

3 Stocks With Insider Selling: Plug Power Inc (NASDAQ:PLUG), Pandora Media Inc (NYSE:P), Illumina, Inc. (NASDAQ:ILMN)

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.

Plug Power Inc (NASDAQ:PLUG) saw an insider sell on June 16, 2016 that may make shareholders worried. Air Liquide Investissements d’, Director, sold 15,046 shares at $1.73 a piece. The total sale came to $26,045, leaving the total count to 39,324 shares. Its shares currently owned by company management are 0.90% while institutional investors own about 17.70%. The 6-month change recorded in total insider ownership was -3.45%. On the other side, -4.22% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved MARTIN CHRISTOPHER DOUGLAS, a Chief Technology Officer at Pandora Media Inc (NYSE:P) sold 2,000 shares at $11.19 per share to trim the total holding at 346,470 shares. Its shares currently owned by company management are 2.50% while institutional investors own about 98.20%. The 6-month change recorded in total insider ownership was 10.56%. On the other side, 4.90% change in total institutional ownership has been reported for the 3-month period.

Illumina, Inc. (NASDAQ:ILMN) also received some insider trading action as BOWMAN A BLAINE, who the company’s Director is sold some 5,000 shares at a price of $135.08 per share to the holding that now comprises of 15,704 shares. Its shares currently owned by company management are 1.20% while institutional investors own about 96.70%. The 6-month change recorded in total insider ownership was -10.15%. On the other side, -3.72% change in total institutional ownership has been reported for the 3-month period.

 

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