Jun 16, 2016

Posted by in Stock Reports | 0 Comments

Latest Insider Sales: Tesla Motors Inc (NASDAQ:TSLA), Activision Blizzard, Inc. (NASDAQ:ATVI), SYSCO Corporation (NYSE:SYY)

Latest Insider Sales: Tesla Motors Inc (NASDAQ:TSLA), Activision Blizzard, Inc. (NASDAQ:ATVI), SYSCO Corporation (NYSE:SYY)

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.

Tesla Motors Inc (NASDAQ:TSLA) saw an insider sell on June 13, 2016 that may make shareholders worried. Musk Kimbal, director, sold 460 shares at $224.37 a piece. The total sale came to $103,211, leaving the total count to 151,865 shares. Its shares currently owned by company management are 0.30% while institutional investors own about 64.90%. The 6-month change recorded in total insider ownership was -85.97%. On the other side, 5.71% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved Morhaime Michael, a Pres. & CEO-Blizzard Ent. at Activision Blizzard, Inc. (NASDAQ:ATVI) sold 986,600 shares at $38.22 per share to trim the total holding at 206,665 shares. Its shares currently owned by company management are 0.80% while institutional investors own about 71.80%. The 6-month change recorded in total insider ownership was -22.78%. On the other side, -0.09% change in total institutional ownership has been reported for the 3-month period.

SYSCO Corporation (NYSE:SYY) also received some insider trading action as WARD JACKIE M, who the company’s Director is sold some 2,100 shares at a price of $48.39 per share to the holding that now comprises of 126,218 shares. Its shares currently owned by company management are 0.30%. The 6-month change recorded in total insider ownership was -16.19%. On the other side, -3.29% change in total institutional ownership has been reported for the 3-month period.

 

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