Jun 29, 2016

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Insider Selling Activity: CTI BioPharma Corp (NASDAQ:CTIC), Triangle Petroleum Corporation (NYSEMKT:TPLM), Cabot Oil & Gas Corporation (NYSE:COG)

Insider Selling Activity: CTI BioPharma Corp (NASDAQ:CTIC), Triangle Petroleum Corporation (NYSEMKT:TPLM), Cabot Oil & Gas Corporation (NYSE:COG)

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.

CTI BioPharma Corp (NASDAQ:CTIC) saw an insider sell on June 24, 2016 that may make shareholders worried. BIANCO JAMES A, President and CEO, sold 10,000 shares at $0.37 a piece. The total sale came to $3,654, leaving the total count to 1,780,133 shares. Its shares currently owned by company management are 2.20% while institutional investors own about 39.20%. The 6-month change recorded in total insider ownership was 8.13%. On the other side, -20.25% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved G.F.W. Energy X, L.P., a Director at Triangle Petroleum Corporation (NYSEMKT:TPLM) sold 120,672 shares at $0.32 per share to trim the total holding at 4,252,500 shares. Its shares currently owned by company management are 1.70% while institutional investors own about 62.80%. The 6-month change recorded in total insider ownership was -77.59%. On the other side, -15.47% change in total institutional ownership has been reported for the 3-month period.

Cabot Oil & Gas Corporation (NYSE:COG) also received some insider trading action as Cunningham George Kevin, who the company’s Vice Pres. & General Counsel is sold some 6,178 shares at a price of $25.32 per share to the holding that now comprises of 38,990 shares. Its shares currently owned by company management are 1.30%. The 6-month change recorded in total insider ownership was -0.25%. On the other side, 12.04% change in total institutional ownership has been reported for the 3-month period.

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