May 27, 2016

Posted by in Stock Reports | 0 Comments

Insiders Are Selling These Shares: Western Alliance Bancorporation (NYSE:WAL), Urban Outfitters (URBN), Memorial Resource Development (MRD)

Insiders Are Selling These Shares: Western Alliance Bancorporation (NYSE:WAL), Urban Outfitters (URBN), Memorial Resource Development (MRD)

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.

Western Alliance Bancorporation (NYSE:WAL) saw an insider sell on May 24, 2016 that may make shareholders worried. NAGY M NAFEES, director, sold 100,000 shares at $36.64 a piece. The total sale came to $3,664,000, leaving the total count to 260,358 shares. Its shares currently owned by company management are 2.80% while institutional investors own about 82.10%. The 6-month change recorded in total insider ownership was -7.04%. On the other side, 3.60% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved Conforti Frank, a Chief Financial Officer at Urban Outfitters, Inc. (NASDAQ:URBN) sold 3,300 shares at $28.23 per share. Its shares currently owned by company management are 15.50% while institutional investors own about 74.90%. The 6-month change recorded in total insider ownership was -0.41%. On the other side, -7.53% change in total institutional ownership has been reported for the 3-month period.

Memorial Resource Development Corp (NASDAQ:MRD) also received some insider trading action as Nabors John, who the company’s Member 13(d) group owning >10% is sold some 10,000 shares at a price of $16.00 per share to the holding that now comprises of 148,430 shares. Its shares currently owned by company management are 6.60% while institutional investors own about 91.80%. The 6-month change recorded in total insider ownership was -2.40%. On the other side, -2.49% change in total institutional ownership has been reported for the 3-month period.

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