Jun 22, 2016

Posted by in Stock Reports | 0 Comments

Insiders Are Buying These Shares: Citigroup Inc (NYSE:C), Opko Health Inc. (NYSE:OPK), LendingClub Corp (NYSE:LC)

Insiders Are Buying These Shares: Citigroup Inc (NYSE:C), Opko Health Inc. (NYSE:OPK), LendingClub Corp (NYSE:LC)

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 June 16, 2016 which involved CITIGROUP INC, a 10% Owner at Citigroup Inc (NYSE:C), who acquired 1,800 shares at $100000.00 per share to put the total holding at 1,800 shares. Its shares currently owned by company management are 0.10% while institutional investors own about 73.70%. The 6-month change recorded in total insider ownership was 0.04%. On the other side, -3.54% change in total institutional ownership has been reported for the 3-month period.

Opko Health Inc. (NYSE:OPK) saw an insider buy stock in the company on 20. FROST PHILLIP MD ET AL, CEO & Chairman of the company, bought 10,000 shares for $9.19 per share worth a total of $91,892. After this insider buying, FROST PHILLIP MD ET AL now has a total stake of 159,798,743 shares in the company. Its shares currently owned by company management are 6.20% while institutional investors own about 20.30%. The 6-month change recorded in total insider ownership was 4.07%. On the other side, -4.06% change in total institutional ownership has been reported for the 3-month period.

LendingClub Corp (NYSE:LC) also received some insider trading action as Chen Tian Qiao, who is the company’s 10% Owner of the Board added some 24,299,900 shares at a price of $4.01 per share to the holding that now comprises of 57,739,270 shares. Its shares currently owned by company management are 1.50% while institutional investors own about 94.70%. The 6-month change recorded in total insider ownership was 490.05%.

 

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