Apr 29, 2016

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Insider Buying at Three Companies: Opko Health Inc. (NYSE:OPK), Inovio Pharmaceuticals Inc (NASDAQ:INO), Iconix Brand Group Inc (NASDAQ:ICON)

Insider Buying at Three Companies: Opko Health Inc. (NYSE:OPK), Inovio Pharmaceuticals Inc (NASDAQ:INO), Iconix Brand Group Inc (NASDAQ:ICON)

Insider trading is defined as a practice wherein trade of a company’s securities is undertaken by people who by virtue of their work have access to the otherwise non public information which can be crucial for making investment decisions.

In order to be able to use insider transactions to help you invest more wisely, you need to know the importance of the dollar value of the insider transactions you are watching. Continual purchases over the span of a few weeks tend to mean the insider is trying to buy in a big way. Also, keep things in perspective by understanding how much of an increase or decrease in the amount of shares owned will occur because of this transaction. The proportionate sizes of the transaction are extremely important.

Moving on to the first insider trade Apr 27, 2016 which involved FROST PHILLIP MD ET AL, a CEO & Chairman at Opko Health Inc. (NYSE:OPK), who acquired 11,800 shares at $10.95 per share to put the total holding at 159,514,643 shares. Its shares currently owned by company management are 6.20% while institutional investors own about 21.00%. The 6-month change recorded in total insider ownership was 4.82%. On the other side, -0.89% change in total institutional ownership has been reported for the 3-month period.

Inovio Pharmaceuticals Inc (NASDAQ:INO) saw an insider buy stock in the company on Apr 15. COLLINS MORTON, director of the company, bought 68,400 shares for $9.52 per share worth a total of $9.52. After this insider buying, COLLINS MORTON now has a total stake of 64,750 shares in the company. Its shares currently owned by company management are 3.80% while institutional investors own about 32.70%. The 6-month change recorded in total insider ownership was 2.59%. On the other side, -0.08% change in total institutional ownership has been reported for the 3-month period.

Iconix Brand Group Inc (NASDAQ:ICON) also received some insider trading action as BARCLAYS PLC, who is the company’s 10% Owner added some 1,620 shares at a price of $8.14 per share to the holding that now comprises of 4,726,837 shares. Its shares currently owned by company management are 2.10%. The 6-month change recorded in total insider ownership was 1.53%. On the other side, 5.97% change in total institutional ownership has been reported for the 3-month period.

 

 

 

 

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