Jun 14, 2016

Posted by in Stock Reports | 0 Comments

Insider Buys Are Telling Something: First Horizon National Corp (NYSE:FHN), The Medicines Company (NASDAQ:MDCO), WPX Energy Inc (NYSE:WPX)

Insider Buys Are Telling Something: First Horizon National Corp (NYSE:FHN), The Medicines Company (NASDAQ:MDCO), WPX Energy Inc (NYSE:WPX)

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 June 10, 2016 which involved PALMER VICKI R, a CEO & Director at First Horizon National Corp (NYSE:FHN), who acquired 6,362 shares at $13.93 per share to put the total holding at 88,597 shares. Its shares currently owned by company management are 1.50% while institutional investors own about 80.30%. The 6-month change recorded in total insider ownership was -0.68%. On the other side, -5.07% change in total institutional ownership has been reported for the 3-month period.

The Medicines Company (NASDAQ:MDCO) saw an insider buy stock in the company on June 10. Cox Christopher T, director of the company, bought 13,340 shares for $37.22 per share worth a total of $ 496,515. After this insider buying, Cox Christopher T now has a total stake of 65,655 shares in the company. Its shares currently owned by company management are 1.70%. On the other side, 34.80% change in total institutional ownership has been reported for the 3-month period.

WPX Energy Inc (NYSE:WPX) also received some insider trading action as Muncrief Richard E, who is the company’s President and CEO added some 20,400 shares at a price of $9.80 per share to the holding that now comprises of 732,481 shares. Its shares currently owned by company management are 1.00% while institutional investors own about 68.70%. The 6-month change recorded in total insider ownership was 0.96%. On the other side, -4.85% change in total institutional ownership has been reported for the 3-month period.

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