May 12, 2016

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Insiders Are Buying These Shares: Novartis AG (ADR) (NYSE:NVS), Hanesbrands Inc. (NYSE:HBI), Weight Watchers International, Inc. (NYSE:WTW)

Insiders Are Buying These Shares: Novartis AG (ADR) (NYSE:NVS), Hanesbrands Inc. (NYSE:HBI), Weight Watchers International, Inc. (NYSE:WTW)

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 11, 2016 which involved Novartis Institutes for BioMed, a 10% Owner at Novartis AG (ADR) (NYSE:NVS), who acquired 277,777 shares at $18.00 per share to put the total holding at 5,573,658 shares. Its shares currently owned by company management are 9.30% while institutional investors own about 9.90%. The 6-month change recorded in total insider ownership was 0.38%. On the other side, 0.43% change in total institutional ownership has been reported for the 3-month period.

Hanesbrands Inc. (NYSE:HBI) saw an insider buy stock in the company on May 06. Mathews Jessica Tuchman, director of the company, bought 1,792 shares for $27.52 per share worth a total of $49,315. After this insider buying, Mathews Jessica Tuchman now has a total stake of 2,096 shares in the company. Its shares currently owned by company management are 0.90% while institutional investors own about 93.90%. The 6-month change recorded in total insider ownership was -23.13%. On the other side, -0.03% change in total institutional ownership has been reported for the 3-month period.

Weight Watchers International, Inc. (NYSE:WTW) also received some insider trading action as KELLY DENIS F, who is the company’s director added some 10,000 shares at a price of $12.21 per share to the holding that now comprises of 35,914 shares. Its shares currently owned by company management are 10.90% while institutional investors own about 95.80%. The 6-month change recorded in total insider ownership was 1.73%. On the other side, 1.39% change in total institutional ownership has been reported for the 3-month period.

 

 

 

 

 

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