May 20, 2016

Posted by in Stock Reports | 0 Comments

Insiders Are Buying These Shares: Bank of New York Mellon Corp (NYSE:BK), Archer Daniels Midland Company (NYSE:ADM), KeyCorp (NYSE:KEY)

Insiders Are Buying These Shares: Bank of New York Mellon Corp (NYSE:BK), Archer Daniels Midland Company (NYSE:ADM), KeyCorp (NYSE:KEY)

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.

Moving on to the first insider trade May 16, 2016 which involved GARDEN EDWARD P, a director at Bank of New York Mellon Corp (NYSE:BK), who acquired 20,700 shares at $39.65 per share to put the total holding at 31,844,329 shares. Its shares currently owned by company management are 0.30% while institutional investors own about 84.50%. The 6-month change recorded in total insider ownership was 15.79%. On the other side, -0.24% change in total institutional ownership has been reported for the 3-month period.

Archer Daniels Midland Company (NYSE:ADM) saw an insider buy stock in the company on May 17. Sanchez Francisco J, director of the company, bought 500 shares for $37.44 per share worth a total of $18,720. After this insider buying, Sanchez Francisco J now has a total stake of 3,000 shares in the company. Its shares currently owned by company management are 0.20% while institutional investors own about 76.10%. The 6-month change recorded in total insider ownership was 0.33%. On the other side, -1.46% change in total institutional ownership has been reported for the 3-month period.

KeyCorp (NYSE:KEY) also received some insider trading action as CUTLER ALEXANDER M, who is the company’s director added some 15,000 shares at a price of $11.86 per share to the holding that now comprises of 50,000 shares. Its shares currently owned by company management are 0.30% while institutional investors own about 90.30%. The 6-month change recorded in total insider ownership was 7.51%. On the other side, 4.64% change in total institutional ownership has been reported for the 3-month period.

 

 

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