Jun 8, 2016

Posted by in Stock Reports | 0 Comments

Insiders Are Buying These Shares: Sothebys (NYSE:BID), US Geothermal Inc (NYSEMKT:HTM), Opko Health Inc. (NYSE:OPK)

Insiders Are Buying These Shares: Sothebys (NYSE:BID), US Geothermal Inc (NYSEMKT:HTM), Opko Health Inc. (NYSE:OPK)

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 DE SOLE DOMENICO, 2016 which involved Director, a 10% Owner at Sothebys (NYSE:BID), who acquired 6,620 shares at $30.29 per share to put the total holding at 33,105 shares. Its shares currently owned by company management are 0.70%. The 6-month change recorded in total insider ownership was 53.46%. On the other side, -11.61% change in total institutional ownership has been reported for the 3-month period.

US Geothermal Inc (NYSEMKT:HTM) saw an insider buy stock in the company on June 07. Glaspey Douglas J, President and COO of the company, bought 40,000 shares for $0.85 per share worth a total of $33,880. After this insider buying, Glaspey Douglas J now has a total stake of 679,687 shares in the company. Its shares currently owned by company management are 2.31% while institutional investors own about 19.90%. On the other side, -15.70% change in total institutional ownership has been reported for the 3-month period.

Opko Health Inc. (NYSE:OPK) also received some insider trading action as FROST PHILLIP MD ET AL, who is the company’s CEO & Chairman  of the Board added some 17,800 shares at a price of $9.97 per share to the holding that now comprises of 159,713,543 shares. 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 -4.13%.

 

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