Jun 24, 2016

Posted by in Stock Reports | 0 Comments

Insider Selling Activity: Occidental Petroleum Corporation (NYSE:OXY), Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA), Masco Corp (NYSE:MAS)

Insider Selling Activity: Occidental Petroleum Corporation (NYSE:OXY), Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA), Masco Corp (NYSE:MAS)

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.

Occidental Petroleum Corporation (NYSE:OXY) saw an insider sell on June 23, 2016 that may make shareholders worried. CHAZEN STEPHEN I, Director, sold 2,500 shares at $77.99 a piece. The total sale came to $194,975, leaving the total count to 1,767,619 shares. Its shares currently owned by company management are 0.30% while institutional investors own about 81.50%. The 6-month change recorded in total insider ownership was -4.78%. On the other side, -0.31% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved CLACKSON TIMOTHY P, a President, R&D, CSO at Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) sold 23,999 shares at $7.28 per share to trim the total holding at 264,742 shares. Its shares currently owned by company management are 2.30% while institutional investors own about 73.50%. The 6-month change recorded in total insider ownership was -7.42%. On the other side, 5.60% change in total institutional ownership has been reported for the 3-month period.

Masco Corp (NYSE:MAS) also received some insider trading action as O’Reagan Richard A., who the company’s Group President is sold some 6,000 shares at a price of $31.36 per share to the holding that now comprises of 79,705 shares. Its shares currently owned by company management are 0.50%. The 6-month change recorded in total insider ownership was -19.21%. On the other side, -0.42% change in total institutional ownership has been reported for the 3-month period.

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