Jun 7, 2016

Posted by in Stock Reports | 0 Comments

Insider Sells Are Telling Something: Triangle Petroleum (NYSEMKT:TPLM), RPC, Inc. (NYSE:RES), Advanced Micro Devices, Inc. (NASDAQ:AMD)

Insider Sells Are Telling Something: Triangle Petroleum (NYSEMKT:TPLM),  RPC, Inc. (NYSE:RES), Advanced Micro Devices, Inc. (NASDAQ:AMD)

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.

Triangle Petroleum Corporation (NYSEMKT:TPLM) saw an insider sell on Jun 03, 2016 that may make shareholders worried. G.F.W. Energy X, L.P., Director, sold 298,137 shares at $0.20 a piece. The total sale came to $60,194, leaving the total count to 6,613,572 shares. Its shares currently owned by company management are 2.10% while institutional investors own about 62.80%. The 6-month change recorded in total insider ownership was -61.99%. On the other side, -15.45% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved HUBBELL RICHARD A, a President and CEO at RPC, Inc. (NYSE:RES) sold 100,000 shares at $15.79 per share to trim the total holding at 2,739,345 shares. Its shares currently owned by company management are 4.60% while institutional investors own about 36.10%. The 6-month change recorded in total insider ownership was -2.34%. On the other side, 13.25% change in total institutional ownership has been reported for the 3-month period.

Advanced Micro Devices, Inc. (NASDAQ:AMD) also received some insider trading action as SMITH DARLA M, who the company’s Chief Accounting Officer is sold some 10,338 shares at a price of $4.23 per share to the holding that now comprises of 5,608 shares. Its shares currently owned by company management are 0.40% while institutional investors own about 58.90%. The 6-month change recorded in total insider ownership was -0.32%. On the other side, 37.90% change in total institutional ownership has been reported for the 3-month period.

 

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