Apr 8, 2016

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Insiders Are Selling These Shares: Kite Pharma Inc (NASDAQ:KITE), Axalta Coating Systems Ltd (NYSE:AXTA), Intercept Pharmaceuticals Inc (NASDAQ:ICPT)

Insiders Are Selling These Shares: Kite Pharma Inc (NASDAQ:KITE), Axalta Coating Systems Ltd (NYSE:AXTA), Intercept Pharmaceuticals Inc (NASDAQ:ICPT)

Insider Trading is the buying or selling of a security by someone who has access to material, nonpublic information about the security. Insider trading is legal once the material information has been made public, at which time the insider has no direct advantage over other investors. The SEC, however, still requires all insiders to report all their transactions. So, as insiders have an insight into the workings of their company, it may be wise for an investor to look at these reports to see how insiders are legally trading their stock.

It isn’t a coincidence that corporate executives seem to always buy and sell at the right times. After all, the CEOs and CFOs of the world have access to every bit of company information you could ever want. This kind of information is extremely valuable to individual investors. For example, if insiders are buying shares in their own companies, they usually know something that normal investors do not. They might buy because they see great potential, a merger, acquisition or simply because they think their stock is undervalued.

Kite Pharma Inc (NASDAQ:KITE) saw an insider sell on Apr 04, 2016 that may make shareholders worried. BUTITTA CYNTHIA M, COO and CFO, sold 10,000 shares at $50.00 a piece. The total sale came to $500,000, leaving the total count to 95,401 shares. Its shares currently owned by company management are 1.10% while institutional investors own about 84.40%. The 6-month change recorded in total insider ownership was -36.47%. On the other side, 5.77% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved McDougall Joseph F., a SVP&Chief Human Resources Off at Axalta Coating Systems Ltd (NYSE:AXTA) sold 81,837 shares at $28.74 per share to trim the total holding at 99,699 shares. Its shares currently owned by company management are 0.60% while institutional investors own about 95.00%. The 6-month change recorded in total insider ownership was -18.93%. On the other side, 0.54% change in total institutional ownership has been reported for the 3-month period.

Intercept Pharmaceuticals Inc (NASDAQ:ICPT) also received some insider trading action as Pruzanski Mark, who the company’s CEO & President is sold some 708 shares at a price of $130.76 per share to the holding that now comprises of 548,248 shares. Its shares currently owned by company management are 2.90% while institutional investors own about 77.50%. The 6-month change recorded in total insider ownership was -2.89%. On the other side, 0.34% change in total institutional ownership has been reported for the 3-month period.

 

 

 

 

 

 

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