May 27, 2016

Posted by in Stock Reports | 0 Comments

Latest Insider Sales: Alexandria Real Estate Equities Inc (NYSE:ARE), Splunk Inc (NASDAQ:SPLK), Gaming and Leisure Properties Inc (NASDAQ:GLPI)

Latest Insider Sales: Alexandria Real Estate Equities Inc (NYSE:ARE), Splunk Inc (NASDAQ:SPLK), Gaming and Leisure Properties Inc (NASDAQ:GLPI)

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.

Alexandria Real Estate Equities Inc (NYSE:ARE) saw an insider sell on May 25, 2016 that may make shareholders worried. Andrews Thomas J, EVP – Regional Market Director, sold 5,000 shares at $98.27 a piece. The total sale came to $491,350, leaving the total count to 123,200 shares. Its shares currently owned by company management are 1.80%. The 6-month change recorded in total insider ownership was -7.11%. On the other side, 0.30% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved Sommer Steven R, a SVP & Chief Marketing Officer at Splunk Inc (NASDAQ:SPLK) sold 5,000 shares at $55.00 per share to trim the total holding at 237,377 shares. Its shares currently owned by company management are 1.20% while institutional investors own about 99.50%. The 6-month change recorded in total insider ownership was -24.28%. On the other side, 0.01% change in total institutional ownership has been reported for the 3-month period.

Gaming and Leisure Properties Inc (NASDAQ:GLPI) also received some insider trading action as EDENS WESLEY R, who the company’s Director is sold some 10,500,825 shares at a price of $31.32 per share. Its shares currently owned by company management are 2.20% while institutional investors own about 64.50%. The 6-month change recorded in total insider ownership was -71.83%. On the other side, 18.83% change in total institutional ownership has been reported for the 3-month period.

 

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