Jun 27, 2016

Posted by in Stock Reports | 0 Comments

Insiders Are Buying These Shares: Communications Corporation (NASDAQ:SBAC), PVH Corp (NYSE:PVH), Signet Jewelers Ltd. (NYSE:SIG)

Insiders Are Buying These Shares: Communications Corporation (NASDAQ:SBAC), PVH Corp (NYSE:PVH), Signet Jewelers Ltd. (NYSE:SIG)

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 COCROFT DUNCAN, a Director at SBA Communications Corporation (NASDAQ:SBAC), who acquired 1,000 shares at $100.16 per share to put the total holding at 82,125 shares. Its shares currently owned by company management are 0.60% while institutional investors own about 98.60%. The 6-month change recorded in total insider ownership was -0.39%. On the other side, -0.69% change in total institutional ownership has been reported for the 3-month period.

PVH Corp (NYSE:PVH) saw an insider buy stock in the company on June 17. Rosenfeld Edward R., Director of the company, bought 1,000 shares for $98.64 per share worth a total of $98,644. After this insider buying, Rosenfeld Edward R. now has a total stake of 4,857 shares in the company. Its shares currently owned by company management are 0.60% while institutional investors own about 99.30%. The 6-month change recorded in total insider ownership was -0.82%. On the other side, -0.87% change in total institutional ownership has been reported for the 3-month period.

Signet Jewelers Ltd. (NYSE:SIG) also received some insider trading action as WERNER UTA, who is the company’s Chief Strategy Officer added some 400 shares at a price of $84.46 per share to the holding that now comprises of 1,750 shares. Its shares currently owned by company management are 0.40% while institutional investors own about 95.50%. The 6-month change recorded in total insider ownership was -2.49%.

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