Jun 24, 2016

Posted by in Stock Reports | 0 Comments

Latest Insider Sales: Cognizant Technology Solutions Corp (NASDAQ:CTSH), salesforce.com, inc. (NYSE:CRM), Yum! Brands, Inc. (NYSE:YUM)

Latest Insider Sales: Cognizant Technology Solutions Corp (NASDAQ:CTSH), salesforce.com, inc. (NYSE:CRM), Yum! Brands, Inc. (NYSE:YUM)

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.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) saw an insider sell on June 20, 2016 that may make shareholders worried. McLoughlin Karen, Chief Financial Officer, sold 8,018 shares at $61.13 a piece. The total sale came to $490,140, leaving the total count to 40,741 shares. Its shares currently owned by company management are 0.30% while institutional investors own about 92.30%. The 6-month change recorded in total insider ownership was -11.33%. On the other side, -0.23% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved BLOCK KEITH, a Pres., Vice Chairman and COO at salesforce.com, inc. (NYSE:CRM) sold 10,000 shares at $81.11 per share. Its shares currently owned by company management are 0.10% while institutional investors own about 88.00%. The 6-month change recorded in total insider ownership was -74.68%. On the other side, 1.30% change in total institutional ownership has been reported for the 3-month period.

Yum! Brands, Inc. (NYSE:YUM) also received some insider trading action as Eaton Roger G., who the company’s CEO, KFC is sold some 26,282 shares at a price of $85.55 per share to the holding that now comprises of 30,104 shares. Its shares currently owned by company management are 0.10%. The 6-month change recorded in total insider ownership was -3.28%. On the other side, -4.86% change in total institutional ownership has been reported for the 3-month period.

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