May 23, 2016

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Latest Insider Purchases: Newfield Exploration Co. (NYSE:NFX), Globalstar, Inc. (NYSEMKT:GSAT), PACCAR Inc (NASDAQ:PCAR)

Latest Insider Purchases: Newfield Exploration Co. (NYSE:NFX), Globalstar, Inc. (NYSEMKT:GSAT), PACCAR Inc (NASDAQ:PCAR)

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 May 18, 2016 which involved PLANK ROGER B, a director at Newfield Exploration Co. (NYSE:NFX), who acquired 1,000 shares at $39.22 per share to put the total holding at 22,063 shares. Its shares currently owned by company management are 0.60% while institutional investors own about 99.00%. The 6-month change recorded in total insider ownership was -2.74%. On the other side, 18.64% change in total institutional ownership has been reported for the 3-month period.

Globalstar, Inc. (NYSEMKT:GSAT) saw an insider buy stock in the company on May 17. Kagan David B., President & COO of the company, bought 37,000 shares for $2.75 per share worth a total of $101,743. After this insider buying, Kagan David B. now has a total stake of 67,000 shares in the company. Its shares currently owned by company management are 56.06% while institutional investors own about 32.20%. The 6-month change recorded in total insider ownership was 0.44%. On the other side, -3.19% change in total institutional ownership has been reported for the 3-month period.

PACCAR Inc (NASDAQ:PCAR) also received some insider trading action as Christensen Robert J., who is the company’s President & CFO added some 342 shares at a price of $55.10 per share to the holding that now comprises of 52,817 shares. Its shares currently owned by company management are 1.40% while institutional investors own about 64.80%. The 6-month change recorded in total insider ownership was -0.63%. On the other side, -0.14% change in total institutional ownership has been reported for the 3-month period.

 

 

 

 

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