Mar 1, 2016

Posted by in Stock Reports | 0 Comments

Significant Insider Selling Activity: Southwest Airlines Co (NYSE:LUV), Cogent Communications Holdings Inc (NASDAQ:CCOI), AMETEK, Inc. (NYSE:AME)

Significant Insider Selling Activity: Southwest Airlines Co (NYSE:LUV), Cogent Communications Holdings Inc (NASDAQ:CCOI), AMETEK, Inc. (NYSE:AME)

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.

Southwest Airlines Co (NYSE:LUV) saw an insider sell on Feb 24, 2016 that may make shareholders worried. Lamb Jeff, EVP, Corporate Services, sold 6,662 shares at $40.67 a piece. The total sale came to $270,944, leaving the total count to 166,755 shares. Its shares currently owned by company management are 0.20% while institutional investors own about 80.20%. The 6-month change recorded in total insider ownership was -6.89%. On the other side, 0.07% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved WEED THADDEUS GERARD, a VP, CFO & Treasurer at Cogent Communications Holdings Inc (NASDAQ:CCOI) sold 5,250 shares at $36.87 per share to trim the total holding at 79,250 shares. Its shares currently owned by company management are 1.10%. The 6-month change recorded in total insider ownership was -5.95%. On the other side, 4.18% change in total institutional ownership has been reported for the 3-month period.

AMETEK, Inc. (NYSE:AME) also received some insider trading action as Kohlhagen Steven W, who the company’s Director is sold some 1,000 shares at a price of $46.44 per share to the holding that now comprises of 61,548 shares. Its shares currently owned by company management are 1.30% while institutional investors own about 92.80%. The 6-month change recorded in total insider ownership was -1.45%. On the other side, -3.91% change in total institutional ownership has been reported for the 3-month period.

 

 

 

 

 

 

 

 

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