Jun 22, 2016

Posted by in Stock Reports | 0 Comments

Insiders Are Buying These Shares: Tonix Pharmaceuticals Holding (NASDAQ:TNXP), SBA Communications (NASDAQ:SBAC), Akamai Technologies, (NASDAQ:AKAM)

Insiders Are Buying These Shares: Tonix Pharmaceuticals Holding (NASDAQ:TNXP), SBA Communications (NASDAQ:SBAC), Akamai Technologies, (NASDAQ:AKAM)

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 21, 2016 which involved SAENGER BRADLEY, a Chief Financial Officer at Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP), who acquired 2,000 shares at $2.00 per share to put the total holding at 6,039 shares. Its shares currently owned by company management are 3.10% while institutional investors own about 46.10%. The 6-month change recorded in total insider ownership was 170.93%. On the other side, -12.28% change in total institutional ownership has been reported for the 3-month period.

SBA Communications Corporation (NASDAQ:SBAC) saw an insider buy stock in the company on June 16. COCROFT DUNCAN, Director of the company, bought 1,000 shares for $100.16 per share worth a total of $100,160. After this insider buying, COCROFT DUNCAN now has a total stake of 82,125 shares in the company. 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.

Akamai Technologies, Inc. (NASDAQ:AKAM) also received some insider trading action as LEIGHTON F THOMSON, who is the company’s Chief Executive Officer of the Board added some 18,881 shares at a price of $52.95 per share to the holding that now comprises of 3,056,034 shares. Its shares currently owned by company management are 0.40% while institutional investors own about 91.60%. The 6-month change recorded in total insider ownership was -10.23%.

 

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