Mar 9, 2016

Posted by in Stock Reports | 0 Comments

Stocks Seeing Recent Insider Sells: Pinnacle Foods Inc (NYSE:PF), Macerich Co (NYSE:MAC), Activision Blizzard, Inc. (NASDAQ:ATVI)

Stocks Seeing Recent Insider Sells: Pinnacle Foods Inc (NYSE:PF),  Macerich Co (NYSE:MAC), Activision Blizzard, Inc. (NASDAQ:ATVI)

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.

Pinnacle Foods Inc (NYSE:PF) saw an insider sell on Mar 08, 2016 that may make shareholders worried. Maggs Michael Kelley, EVP, Secretary, GC, sold 4,071 shares at $45.00 a piece. The total sale came to $183,196, leaving the total count to 86,951 shares. Its shares currently owned by company management are 0.40% while institutional investors own about 99.00%. The 6-month change recorded in total insider ownership was -12.23%. On the other side, 1.16% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved Leanse Thomas J., a Senior EVP, CLO & Secretary at Macerich Co (NYSE:MAC) sold 5,865 shares at $78.50 per share. Its shares currently owned by company management are 0.40%. The 6-month change recorded in total insider ownership was -5.97%. On the other side, -2.87% change in total institutional ownership has been reported for the 3-month period.

Activision Blizzard, Inc. (NASDAQ:ATVI) also received some insider trading action as CORTI ROBERT J, who the company’s Director is sold some 62,000 shares at a price of $31.26 per share to the holding that now comprises of 140,974 shares. Its shares currently owned by company management are 0.90% while institutional investors own about 72.20%. The 6-month change recorded in total insider ownership was -1.17%. On the other side, 0.31% change in total institutional ownership has been reported for the 3-month period.

 

 

 

 

 

 

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