May 23, 2016

Posted by in Stock Reports | 0 Comments

Companies with noteworthy insider trading activity: FelCor Lodging Trust Incorporated (NYSE:FCH), Meritor Inc (NYSE:MTOR), Acxiom Corporation (NASDAQ:ACXM)

Companies with noteworthy insider trading activity: FelCor Lodging Trust Incorporated (NYSE:FCH), Meritor Inc (NYSE:MTOR), Acxiom Corporation (NASDAQ:ACXM)

Insider trading is the trading of a public company’s stock or other securities (such as bonds or stock options) by individuals with access to nonpublic information about the company. In various countries, trading based on insider information is illegal. This is because it is seen as unfair to other investors who do not have access to the information as the investor with insider information could potentially make far larger profits that a typical investor could not make.

The authors of one study claim that illegal insider trading raises the cost of capital for securities issuers, thus decreasing overall economic growth. However, some economists have argued that insider trading should be allowed and could, in fact, benefit markets.

Trading by specific insiders, such as employees, is commonly permitted as long as it does not rely on material information not in the public domain. However, most jurisdictions require such trading be reported so that these can be monitored. In the United States and several other jurisdictions, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade.

Moving on to the first insider trade May 17, 2016 which involved Rozells Mark D, a director at FelCor Lodging Trust Incorporated (NYSE:FCH), who acquired 10,000 shares at $6.89 per share to put the total holding at 25,000 shares. Its shares currently owned by company management are 2.70% while institutional investors own about 84.90%. The 6-month change recorded in total insider ownership was -1.27%. On the other side, -0.64% change in total institutional ownership has been reported for the 3-month period.

Meritor Inc (NYSE:MTOR) saw an insider buy stock in the company on May 19. LYONS WILLIAM J, director of the company, bought 2,799 shares for $8.01 per share worth a total of $22,420. After this insider buying, LYONS WILLIAM J now has a total stake of 59,927 shares in the company. Its shares currently owned by company management are 1.20% while institutional investors own about 90.80%. The 6-month change recorded in total insider ownership was -2.77%. On the other side, -2.48% change in total institutional ownership has been reported for the 3-month period.

Acxiom Corporation (NASDAQ:ACXM) also received some insider trading action as BATTELLE JOHN L., who is the company’s director added some 1,251 shares at a price of $19.97 per share to the holding that now comprises of 23,216 shares. Its shares currently owned by company management are 2.70% while institutional investors own about 98.40%. The 6-month change recorded in total insider ownership was 0.79%. On the other side, 3.36% change in total institutional ownership has been reported for the 3-month period.

 

 

 

 

 

 

 

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