Apr 6, 2016

Posted by in Stock Reports | 0 Comments

Insider Selling Activity: Alkermes Plc (NASDAQ:ALKS), Twitter Inc (NYSE:TWTR), Zayo Group Holdings Inc (NYSE:ZAYO)

Insider Selling Activity: Alkermes Plc (NASDAQ:ALKS), Twitter Inc (NYSE:TWTR), Zayo Group Holdings Inc (NYSE:ZAYO)

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.

Alkermes Plc (NASDAQ:ALKS) saw an insider sell on Apr 04, 2016 that may make shareholders worried. MITCHELL PAUL J, director, sold 2,000 shares at $35.65 a piece. The total sale came to $71,300, leaving the total count to 8,000 shares. Its shares currently owned by company management are 0.80% while institutional investors own about 95.90%. The 6-month change recorded in total insider ownership was -18.85%. On the other side, -3.48% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved Messinger Adam, a Chief Technology Officer at Twitter Inc (NYSE:TWTR) sold 14,799 shares at $15.97 per share to trim the total holding at 1,479,800 shares. Its shares currently owned by company management are 1.50% while institutional investors own about 47.70%. The 6-month change recorded in total insider ownership was -15.69%. On the other side, 2.83% change in total institutional ownership has been reported for the 3-month period.

Zayo Group Holdings Inc (NYSE:ZAYO) also received some insider trading action as Erickson Matthew, who the company’s See Remarks is sold some 28,800 shares at a price of $27.46 per share to the holding that now comprises of 887,146 shares. Its shares currently owned by company management are 4.60% while institutional investors own about 86.90%. The 6-month change recorded in total insider ownership was -12.52%. On the other side, 1.49% change in total institutional ownership has been reported for the 3-month period.

 

 

 

 

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