Apr 7, 2016

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Insider Selling Spotlight: Intercept Pharmaceuticals Inc (NASDAQ:ICPT), Urban Outfitters, Inc. (NASDAQ:URBN), RSP Permian Inc (NYSE:RSPP)

Insider Selling Spotlight: Intercept Pharmaceuticals Inc (NASDAQ:ICPT), Urban Outfitters, Inc. (NASDAQ:URBN), RSP Permian Inc (NYSE:RSPP)

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.

Intercept Pharmaceuticals Inc (NASDAQ:ICPT) saw an insider sell on Apr 04, 2016 that may make shareholders worried. Pruzanski Mark, CEO & President, sold 708 shares at $130.76 a piece. The total sale came to $92,578, leaving the total count to 548,248 shares. Its shares currently owned by company management are 2.90% while institutional investors own about 77.50%. The 6-month change recorded in total insider ownership was -2.89%. On the other side, 0.34% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved STROUSE ROBERT H, a director at Urban Outfitters, Inc. (NASDAQ:URBN) sold 30,000 shares at $33.92 per share to trim the total holding at 90,000 shares. Its shares currently owned by company management are 0.40% while institutional investors own about 80.80%. The 6-month change recorded in total insider ownership was -13.39%. On the other side, -4.42% change in total institutional ownership has been reported for the 3-month period.

RSP Permian Inc (NYSE:RSPP) also received some insider trading action as Wallace Family Partnership, LP, who the company’s Director by deputization is sold some 5,573 shares at a price of $29.20 per share to the holding that now comprises of 8,417,953 shares. Its shares currently owned by company management are 10.00% while institutional investors own about 89.10%. The 6-month change recorded in total insider ownership was -14.72%. On the other side, 8.02% change in total institutional ownership has been reported for the 3-month period.

 

 

 

 

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