Jun 1, 2016

Posted by in Stock Reports | 0 Comments

Insider Sells Are Telling Something: MGT Capital Investments Inc. (NYSEMKT:MGT), Big Lots, Inc. (NYSE:BIG), Trimble Navigation Limited (NASDAQ:TRMB)

Insider Sells Are Telling Something: MGT Capital Investments Inc. (NYSEMKT:MGT), Big Lots, Inc. (NYSE:BIG), Trimble Navigation Limited (NASDAQ:TRMB)

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.

MGT Capital Investments Inc. (NYSEMKT:MGT) saw an insider sell on May 31, 2016 that may make shareholders worried. LADD ROBERT, Executive Vice President, sold 33,603 shares at $2.53 a piece. The total sale came to $85,016, leaving the total count to 540,000 shares. Its shares currently owned by company management are 1.20% while institutional investors own about 11.90%. The 6-month change recorded in total insider ownership was -51.44%. On the other side, 10.91% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved Bachmann Lisa M, a Executive Vice President at Big Lots, Inc. (NYSE:BIG) sold 50,000 shares at $50.05 per share to trim the total holding at 75,351 shares. Its shares currently owned by company management are 0.80%. The 6-month change recorded in total insider ownership was -28.74%. On the other side, -2.73% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved KIRKLAND JAMES A, a Vice President at Big Lots, Inc. (NYSE:BIG) sold 512 shares at $24.81 per share to trim the total holding at 14,914 shares. Its shares currently owned by company management are 0.10% while institutional investors own about 94.30%. The 6-month change recorded in total insider ownership was -67.92%. On the other side, -0.40% change in total institutional ownership has been reported for the 3-month period.

 

 

 

 

 

 

 

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