Jun 28, 2016

Posted by in Stock Reports | 0 Comments

Insider Sells Are Telling Something: Facebook Inc (NASDAQ:FB), Cisco Systems, Inc. (NASDAQ:CSCO), Oracle Corporation (NYSE:ORCL)

Insider Sells Are Telling Something: Facebook Inc (NASDAQ:FB), Cisco Systems, Inc. (NASDAQ:CSCO), Oracle Corporation (NYSE:ORCL)

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.

Facebook Inc (NASDAQ:FB) saw an insider sell on June 23, 2016 that may make Koum Jan, Executive Director, sold 7,834 shares at $115.00 a piece. The total sale came to $900,910, leaving the total count to 22,285,150 shares. Its shares currently owned by company management are 0.30% while institutional investors own about 71.40%. The 6-month change recorded in total insider ownership was -71.13%. On the other side, 2.24% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved Patel Pankaj, a EVP, Chief Development Officer at Cisco Systems, Inc. (NASDAQ:CSCO) sold 8,562 shares at $29.03 per share. Its shares currently owned by company management are 0.10% while institutional investors own about 77.20%. The 6-month change recorded in total insider ownership was -22.60%. On the other side, -0.88% change in total institutional ownership has been reported for the 3-month period.

Oracle Corporation (NYSE:ORCL) also received some insider trading action as SELIGMAN NAOMI O, who the company’s Director is sold some 25,000 shares at a price of $40.74 per share to the holding that now comprises of 7,654 shares. Its shares currently owned by company management are 27.10% while institutional investors own about 61.70%. The 6-month change recorded in total insider ownership was -0.11%. On the other side, -0.28% change in total institutional ownership has been reported for the 3-month period.

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