May 6, 2016

Posted by in Stock Reports | 0 Comments

Insider Selling Spotlight: Alaska Air Group, Inc. (NYSE:ALK), Duke Realty Corp (NYSE:DRE), Cadence Design Systems Inc (NASDAQ:CDNS)

Insider Selling Spotlight: Alaska Air Group, Inc. (NYSE:ALK), Duke Realty Corp (NYSE:DRE), Cadence Design Systems Inc (NASDAQ:CDNS)

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.

Alaska Air Group, Inc. (NYSE:ALK) saw an insider sell on May 05, 2016 that may make shareholders worried. SPRAGUE JOSEPH A, SR VP/COMM & EXT RELATIONS, sold 6,667 shares at $70.00 a piece. The total sale came to $6,667, leaving the total count to 24,634 shares. Its shares currently owned by company management are 0.30% while institutional investors own about 90.20%. The 6-month change recorded in total insider ownership was –17.66%. On the other side, -0.47% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved KENNEDY STEVEN R, a EVP, Construction at Duke Realty Corp (NYSE:DRE) sold 820 shares at $22.14 per share to trim the total holding at 725 shares. Its shares currently owned by company management are 0.30% while institutional investors own about 97.80%. The 6-month change recorded in total insider ownership was -16.16%. On the other side, -0.65% change in total institutional ownership has been reported for the 3-month period.

Cadence Design Systems Inc (NASDAQ:CDNS) also received some insider trading action as Cowie James J, who the company’s Sr. VP, General Counsel is sold some 3,130 shares at a price of $23.23 per share to the holding that now comprises of 87,776 shares. Its shares currently owned by company management are 0.80% while institutional investors own about 94.40%. The 6-month change recorded in total insider ownership was -19.44%. On the other side, 0.22% change in total institutional ownership has been reported for the 3-month period.

 

 

 

 

 

 

Comments are closed.