Mar 11, 2016

Posted by in Stock Reports | 0 Comments

Insider Selling Spotlight: WEC Energy Group Inc (NYSE:WEC), Stryker Corporation (NYSE:SYK), Intuit Inc. (NASDAQ:INTU)

Insider Selling Spotlight: WEC Energy Group Inc (NYSE:WEC), Stryker Corporation (NYSE:SYK), Intuit Inc. (NASDAQ:INTU)

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.

WEC Energy Group Inc (NYSE:WEC) saw an insider sell on Mar 09, 2016 that may make shareholders worried. Matthews Charles R, President & CEO – PGL/NSG, sold 7,009 shares at $58.14 a piece. The total sale came to $407,474, leaving the total count to 7,360 shares. Its shares currently owned by company management are 0.10% while institutional investors own about 70.40%. The 6-month change recorded in total insider ownership was -50.15%. On the other side, 2.15% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved STRYKER RONDA E, a director at Stryker Corporation (NYSE:SYK) sold 6,000 shares at $103.59 per share to trim the total holding at 8,316,233 shares. Its shares currently owned by company management are 0.30% while institutional investors own about 75.50%. The 6-month change recorded in total insider ownership was -38.56%. On the other side, -2.05% change in total institutional ownership has been reported for the 3-month period.

Intuit Inc. (NASDAQ:INTU) also received some insider trading action as SMITH BRAD D, who the company’s CEO, President, and Chairman is sold some 100,868 shares at a price of $100.06 per share to the holding that now comprises of 154,109 shares. Its shares currently owned by company management are 0.10% while institutional investors own about 91.30%. The 6-month change recorded in total insider ownership was -52.37%. On the other side, -4.15% change in total institutional ownership has been reported for the 3-month period.

 

 

 

 

 

 

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