Jun 15, 2016

Posted by in Stock Reports | 0 Comments

Insider Sells Are Telling Something: Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN), American Tower Corp (NYSE:AMT), Iron Mountain Inc (NYSE:IRM)

Insider Sells Are Telling Something: Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN),  American Tower Corp (NYSE:AMT), Iron Mountain Inc (NYSE:IRM)

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.

Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) saw an insider sell on June 13, 2016 that may make shareholders worried. Moriarty John B, EVP & General Counsel, sold 918 shares at $135.72 a piece. The total sale came to $124,591, leaving the total count to 51,360 shares. Its shares currently owned by company management are 0.60% while institutional investors own about 98.70%. The 6-month change recorded in total insider ownership was -15.39%. On the other side, -1.71% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved DiSanto Edmund, a EVP, Chief Admin Ofr, GC & Sec at American Tower Corp (NYSE:AMT) sold 41,875 shares at $108.90 per share to trim the total holding at 125,650 shares. Its shares currently owned by company management are 0.20% while institutional investors own about 95.90%. The 6-month change recorded in total insider ownership was -24.21%. On the other side, -0.02% change in total institutional ownership has been reported for the 3-month period.

Iron Mountain Inc (NYSE:IRM) also received some insider trading action as Keddy Patrick J, who the company’s Exec.VP,GM.N.America,W.Europe is sold some 42,843 shares at a price of $37.13 per share to the holding that now comprises of 9,284 shares. Its shares currently owned by company management are 0.20%. The 6-month change recorded in total insider ownership was -53.35%. On the other side, 1.21% change in total institutional ownership has been reported for the 3-month period.

 

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