May 19, 2016

Posted by in Stock Reports | 0 Comments

Insiders Are Selling These Shares: Cheniere Energy, Inc. (NYSEMKT:LNG), ServiceNow Inc (NYSE:NOW), Parsley Energy Inc (NYSE:PE)

Insiders Are Selling These Shares: Cheniere Energy, Inc. (NYSEMKT:LNG), ServiceNow Inc (NYSE:NOW), Parsley Energy Inc (NYSE:PE)

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.

Cheniere Energy, Inc. (NYSEMKT:LNG) saw an insider sell on May 16, 2016 that may make shareholders worried. Rayford Greg W., Sr. VP and General Counsel, sold 10,000 shares at $35.04 a piece. The total sale came to $350,400, leaving the total count to 456,586 shares. Its shares currently owned by company management are 2.90% while institutional investors own about 96.10%. The 6-month change recorded in total insider ownership was 62.29 %. On the other side, 0.36% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved McGee Daniel, a Chief Operating Officer at ServiceNow Inc (NYSE:NOW) sold 6,892 shares at $70.01 per share to trim the total holding at 26,834 shares. Its shares currently owned by company management are 0.30% while institutional investors own about 91.90%. The 6-month change recorded in total insider ownership was -74.32%. On the other side, 11.14% change in total institutional ownership has been reported for the 3-month period.

Parsley Energy Inc (NYSE:PE) also received some insider trading action as Hinson Mike, who the company’s Vice President-Land is sold some 25,000 shares at a price of $25.83 per share to the holding that now comprises of 771,653 shares. Its shares currently owned by company management are 9.10% while institutional investors own about 83.00%. The 6-month change recorded in total insider ownership was -3.83%. On the other side, 3.92% change in total institutional ownership has been reported for the 3-month period.

 

 

 

 

 

 

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