Mar 24, 2016

Posted by in Stock Reports | 0 Comments

Insider Selling Spotlight: Smith & Wesson Holding Corp (NASDAQ:SWHC), Marsh & McLennan Companies, Inc. (NYSE:MMC), Workday Inc (NYSE:WDAY)

Insider Selling Spotlight: Smith & Wesson Holding Corp (NASDAQ:SWHC), Marsh & McLennan Companies, Inc. (NYSE:MMC), Workday Inc (NYSE:WDAY)

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.

Smith & Wesson Holding Corp (NASDAQ:SWHC) saw an insider sell on Mar 21, 2016 that may make shareholders worried. SCOTT ROBERT L, director, sold 10,000 shares at $28.87 a piece. The total sale came to $288,660, leaving the total count to 64,336 shares. Its shares currently owned by company management are 1.60% while institutional investors own about 71.30%. The 6-month change recorded in total insider ownership was -60.47%. On the other side, -8.09% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved RAPPORT ROBERT J, a SVP and Controller at Marsh & McLennan Companies, Inc. (NYSE:MMC) sold 4,688 shares at $59.96 per share to trim the total holding at 26,153 shares. Its shares currently owned by company management are 0.20% while institutional investors own about 87.30%. The 6-month change recorded in total insider ownership was -24.31%. On the other side, 0.25% change in total institutional ownership has been reported for the 3-month period.

Workday Inc (NYSE:WDAY) also received some insider trading action as PEEK MARK S, who the company’s co-President & CFO is sold some 3,964 shares at a price of $72.31 per share to the holding that now comprises of 227,997 shares. Its shares currently owned by company management are 1.30% while institutional investors own about 90.20%. The 6-month change recorded in total insider ownership was -38.34%. On the other side, 0.99% change in total institutional ownership has been reported for the 3-month period.

 

 

 

 

 

 

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