May 18, 2016

Posted by in Stock Reports | 0 Comments

Significant Insider Selling Activity: Welltower Inc (NYSE:HCN), Bristol-Myers Squibb Co (NYSE:BMY), Edison International (NYSE:EIX)

Significant Insider Selling Activity: Welltower Inc (NYSE:HCN), Bristol-Myers Squibb Co (NYSE:BMY), Edison International (NYSE:EIX)

As an investor it is wise to keep track of what insiders at large and small companies are doing. After all, these insiders are executives who should understand their business better than any of the rest of us. Using the trades that these executives make as one of the major tools of your stock investment research is wise.

Quite simply there are all kinds of reasons that an insider would sell a stock, and there is no way of telling exactly why they are selling at the time. Consider the fact that the insider could be selling to fund the education of a child or buy a new home. On the other hand insider purchases are generally more reliable indicators because the main goal in buying a stock is to make money, whether you are an insider or not.

Knowing the role of the insider who made the transaction is important. This seems like it should be common sense, but some investors fail to pay attention to this very important detail. Heavy insider transactions by someone such as the CFO or CEO should carry much more weight than insider transactions by someone who is an outside director. Consider how much that insider should know about the current state of the industry and their businesses.

Welltower Inc (NYSE:HCN) saw an insider sell on May 16, 2016 that may make shareholders worried. HERMAN ALEXIS M, director, sold 2,500 shares at $72.10 a piece. The total sale came to $180,242, leaving the total count to 65,211 shares. Its shares currently owned by company management are 0.20% while institutional investors own about 87.40%. The 6-month change recorded in total insider ownership was -19.70%. On the other side, 1.20% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved Caldarella Joseph C, a SVP & Controller at Bristol-Myers Squibb Co (NYSE:BMY) sold 3,519 shares at $72.47 per share to trim the total holding at 55,238 shares. Its shares currently owned by company management are 0.10% while institutional investors own about 74.60%. The 6-month change recorded in total insider ownership was -20.29%. On the other side, 0.29% change in total institutional ownership has been reported for the 3-month period.

Edison International (NYSE:EIX) also received some insider trading action as Litzinger Ronald L, who the company’s Pres. Edison Energy Group, Inc is sold some 12,677 shares at a price of $71.28 per share. Its shares currently owned by company management are 0.21% while institutional investors own about 82.60%. The 6-month change recorded in total insider ownership was -4.79%. On the other side, -0.53% change in total institutional ownership has been reported for the 3-month period.

 

 

 

 

 

 

 

 

 

 

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