May 26, 2016

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Companies with noteworthy insider trading activity: Office Depot Inc (NASDAQ:ODP), Education Realty Trust, Inc. (NYSE:EDR), General Electric Company (NYSE:GE)

Companies with noteworthy insider trading activity: Office Depot Inc (NASDAQ:ODP), Education Realty Trust, Inc. (NYSE:EDR), General Electric Company (NYSE:GE)

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 May 25, 2016 which involved TRAVIS NIGEL, a director at Office Depot Inc (NASDAQ:ODP), who acquired 14,267 shares at $3.47 per share to put the total holding at 192,003 shares. Its shares currently owned by company management are 0.50% while institutional investors own about 91.40%. The 6-month change recorded in total insider ownership was 0.52%. On the other side, 1.07% change in total institutional ownership has been reported for the 3-month period.

Education Realty Trust, Inc. (NYSE:EDR) saw an insider buy stock in the company on May 23. Schaefer Kimberly, director of the company, bought 1,000 shares for $41.60 per share worth a total of $41,600. After this insider buying, Schaefer Kimberly now has a total stake of 2,800 shares in the company. Its shares currently owned by company management are 0.40% while institutional investors own about 23.50%. The 6-month change recorded in total insider ownership was 0.38%. On the other side, 109.19% change in total institutional ownership has been reported for the 3-month period.

General Electric Company (NYSE:GE) also received some insider trading action as IMMELT JEFFREY R, who is the company’s Chairman and CEO added some 67,600 shares at a price of $29.59 per share to the holding that now comprises of 2,158,688 shares. Its shares currently owned by company management are 0.05% while institutional investors own about 57.30%. The 6-month change recorded in total insider ownership was -0.10%. On the other side, -1.43% change in total institutional ownership has been reported for the 3-month period.

 

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