Jun 21, 2016

Posted by in Stock Reports | 0 Comments

Latest Insider Sales: Zynga Inc (NASDAQ:ZNGA), Nimble Storage Inc (NYSE:NMBL), Expedia Inc (NASDAQ:EXPE)

Latest Insider Sales: Zynga Inc (NASDAQ:ZNGA), Nimble Storage Inc (NYSE:NMBL), Expedia Inc (NASDAQ:EXPE)

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.

Zynga Inc (NASDAQ:ZNGA) saw an insider sell on Apr 07, 2016 that may make shareholders worried. HUDSON SHERRILL W, director, sold 2,500 shares at $47.54 a piece. The total sale came to $118,850, leaving the total count to 21,000 shares. Its shares currently owned by company management are 0.10% while institutional investors own about 96.40%. The 6-month change recorded in total insider ownership was -18.96%. On the other side, 0.10% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved Schneider David, a Chief Revenue Officer at Nimble Storage Inc (NYSE:NMBL) sold 15,000 shares at $64.13 per share to trim the total holding at 30,396 shares. Its shares currently owned by company management are 0.40% while institutional investors own about 95.80%. The 6-month change recorded in total insider ownership was -73.30%. On the other side, 0.92% change in total institutional ownership has been reported for the 3-month period.

Expedia Inc (NASDAQ:EXPE) also received some insider trading action as Almeida Odilon, who the company’s EVP & Pres, Americas & Europe is sold some 2,014 shares at a price of $19.58 per share to the holding that now comprises of 54,035 shares. Its shares currently owned by company management are 0.30%. The 6-month change recorded in total insider ownership was -3.72%. On the other side, 0.15% change in total institutional ownership has been reported for the 3-month period.

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