May 5, 2016

Posted by in Stock Reports | 0 Comments

Companies with noteworthy insider trading activity: United Continental Holdings Inc (NYSE:UAL), Nabors Industries Ltd. (NYSE:NBR), Coeur Mining Inc (NYSE:CDE)

Companies with noteworthy insider trading activity: United Continental Holdings Inc (NYSE:UAL), Nabors Industries Ltd. (NYSE:NBR), Coeur Mining Inc (NYSE:CDE)

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 Apr 28, 2016 which involved Jojo Linda P, a director at United Continental Holdings Inc (NYSE:UAL), who acquired 2,500 shares at $48.77 per share to put the total holding at 18,792 shares. Its shares currently owned by company management are 0.10% while institutional investors own about 85.50%. On the other side, 3.11% change in total institutional ownership has been reported for the 3-month period.

Nabors Industries Ltd. (NYSE:NBR) saw an insider buy stock in the company on Apr 28. WOLF HOWARD, director of the company, bought 15,000 shares for $9.78 per share worth a total of $146,769. After this insider buying, WOLF HOWARD now has a total stake of 90,000 shares in the company. Its shares currently owned by company management are 1.20% while institutional investors own about 96.50%. The 6-month change recorded in total insider ownership was 0.44%. On the other side, -0.11% change in total institutional ownership has been reported for the 3-month period.

Coeur Mining Inc (NYSE:CDE) also received some insider trading action as MELLOR ROBERT E, who is the company’s Chairman (non-executive) added some 2,000 shares at a price of $7.84 per share to the holding that now comprises of 101,354 shares. Its shares currently owned by company management are 1.50% while institutional investors own about 63.10%. The 6-month change recorded in total insider ownership was -0.10%. On the other side, 2.33% change in total institutional ownership has been reported for the 3-month period.

 

 

 

 

 

 

 

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