Jun 2, 2016

Posted by in Stock Reports | 0 Comments

Insider Sells Are Telling Something: Martin Marietta Materials, Inc. (NYSE:MLM), Honeywell International Inc. (NYSE:HON), Fiserv Inc (NASDAQ:FISV)

Insider Sells Are Telling Something: Martin Marietta Materials, Inc. (NYSE:MLM),  Honeywell International Inc. (NYSE:HON), Fiserv Inc (NASDAQ:FISV)

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.

Martin Marietta Materials, Inc. (NYSE:MLM) saw an insider sell on June 01, 2016 that may make shareholders worried. ZELNAK STEPHEN P JR, Director, sold 17,000 shares at $187.75 a piece. The total sale came to $3,191,750, leaving the total count to 3,191,750 shares. Its shares currently owned by company management are 0.70%. The 6-month change recorded in total insider ownership was -15.88%. On the other side, -1.69% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved Mikkilineni Krishna, a SrVP, Engineering, Ops & IT at Honeywell International Inc. (NYSE:HON) sold 13,000 shares at $114.10 per share to trim the total holding at 75,355 shares. Its shares currently owned by company management are 0.10% while institutional investors own about 77.30%. The 6-month change recorded in total insider ownership was -54.04%. On the other side, -0.71% change in total institutional ownership has been reported for the 3-month period.

Fiserv Inc (NASDAQ:FISV) also received some insider trading action as GUPTA RAHUL, who the company’s Group President is sold some 28,603 shares at a price of $105.01 per share to the holding that now comprises of 81,354 shares. Its shares currently owned by company management are 0.40% while institutional investors own about 90.30%. The 6-month change recorded in total insider ownership was -15.73%. On the other side, -1.50% change in total institutional ownership has been reported for the 3-month period.

 

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