Mar 15, 2016

Posted by in Stock Reports | 0 Comments

Significant Insider Selling Activity: Applied Materials, Inc. (NASDAQ:AMAT), Harman International Industries Inc. /DE/ (NYSE:HAR), Dicks Sporting Goods Inc (NYSE:DKS)

Significant Insider Selling Activity: Applied Materials, Inc. (NASDAQ:AMAT),  Harman International Industries Inc. /DE/ (NYSE:HAR), Dicks Sporting Goods Inc (NYSE:DKS)

Insider Trading is the buying or selling of a security by someone who has access to material, nonpublic information about the security. Insider trading is legal once the material information has been made public, at which time the insider has no direct advantage over other investors. The SEC, however, still requires all insiders to report all their transactions. So, as insiders have an insight into the workings of their company, it may be wise for an investor to look at these reports to see how insiders are legally trading their stock.

It isn’t a coincidence that corporate executives seem to always buy and sell at the right times. After all, the CEOs and CFOs of the world have access to every bit of company information you could ever want. This kind of information is extremely valuable to individual investors. For example, if insiders are buying shares in their own companies, they usually know something that normal investors do not. They might buy because they see great potential, a merger, acquisition or simply because they think their stock is undervalued.

Applied Materials, Inc. (NASDAQ:AMAT) saw an insider sell on Mar 11, 2016 that may make shareholders worried. Forrest Stephen R, director, sold 5,000 shares at $19.99 a piece. The total sale came to $99,950, leaving the total count to 98,959 shares. Its shares currently owned by company management are 0.40% while institutional investors own about 85.90%. The 6-month change recorded in total insider ownership was -1.49%. On the other side, -4.70% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved Stacey John, a EVP and Chief HR Officer at Harman International Industries Inc. /DE/ (NYSE:HAR) sold 8,000 shares at $81.33 per share to trim the total holding at 10,404 shares. Its shares currently owned by company management are 0.50% while institutional investors own about 99.30%. The 6-month change recorded in total insider ownership was -223.35%. On the other side, 0.31% change in total institutional ownership has been reported for the 3-month period.

Dicks Sporting Goods Inc (NYSE:DKS) also received some insider trading action as STACK EDWARD W, who the company’s Chairman and CEO is sold some 135,000 shares at a price of $6,192,356 per share to the holding that now comprises of 13,080,741shares. Its shares currently owned by company management are 15.10% while institutional investors own about 92.90%. The 6-month change recorded in total insider ownership was -1.83%. On the other side, -0.32% change in total institutional ownership has been reported for the 3-month period.

 

 

 

 

 

 

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