May 5, 2016

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Insider Buying Activity: DURECT Corporation (NASDAQ:DRRX), ARMOUR Residential REIT, Inc. (NYSE:ARR), Ally Financial Inc (NYSE:ALLY)

Insider Buying Activity: DURECT Corporation (NASDAQ:DRRX), ARMOUR Residential REIT, Inc. (NYSE:ARR), Ally Financial Inc (NYSE:ALLY)

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.

Moving on to the first insider trade Apr 26, 2016 which involved HOFFMANN DAVE, a director at DURECT Corporation (NASDAQ:DRRX), who acquired 200,000 shares at $1.25 per share to put the total holding at 248,000 shares. Its shares currently owned by company management are 1.40% while institutional investors own about 50.30%. The 6-month change recorded in total insider ownership was 518.25%.

ARMOUR Residential REIT, Inc. (NYSE:ARR) saw an insider buy stock in the company on May 04. Zimmer Jeffrey J, Co-CEO and President of the company, bought 15,000 shares for $19.56 per share worth a total of $293,337. After this insider buying, Zimmer Jeffrey J now has a total stake of 52,946 shares in the company. Its shares currently owned by company management are 0.50% while institutional investors own about 45.60%. The 6-month change recorded in total insider ownership was 10.24%. On the other side, 2.39% change in total institutional ownership has been reported for the 3-month period.

Ally Financial Inc (NYSE:ALLY) also received some insider trading action as Brown Jeffrey Jonathan, who is the company’s Chief Executive Officer added some 12,000 shares at a price of $16.81 per share to the holding that now comprises of 368,244 shares. Its shares currently owned by company management are 0.20% while institutional investors own about 96.40%. The 6-month change recorded in total insider ownership was 2.38%. On the other side, 0.28% change in total institutional ownership has been reported for the 3-month period.

 

 

 

 

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