Market-Moving Institutional/Insider Moves Worth Noting: E TRADE Financial Corporation (ETFC), 3D Systems Corporation (DDD)

Page 1 of 2

If there’s one thing I’ve learned over the last decade, it’s to follow the insiders, and sometimes the institutions. These are people who have more information than you. Therefore, let’s take a look at some of the big insider/institutional moves.

3D Systems Corporation (NYSE:DDD)

A Situation to Monitor Closely

3D Systems Corporation (NYSE:DDD) saw a 4.2% decline on Thursday when 13D filings showed that the company’s co-founder and CTO Charles Hull sold 500,000 shares on March 13. Hull now only owns 461,500 shares, and many believe he is now unloading all of his position. However, bulls have quickly rushed to his defense and have pointed out that Hull is 73 years old and that it’s very possible that he is preparing to retire.

After a 110% run higher over the last year, and a near 30% loss over the last month, some believe that the stock may be too expensive and that its growth could be slowing. At this point, it’s still hard and probably too early to tell.

With that being said, a lot of people defended Spectrum Pharmaceuticals, Inc (NASDAQ:SPPI)’ CEO Rajesh Shrotriya as he unloaded shares late last year and continuously pushed the stock lower. People pointed to his age of 68 as the reason for his selling, but as we learned earlier this week, there may have been other reasons for him taking profits. I’m not implying that 3D Systems Corporation (NYSE:DDD) and Charles Hull fall under the same category, but still, it’s worth noting and worth following.

A Long-Term Investor Finally Throws in the Towel

Ken Griffin has been trying for years to persuade E TRADE Financial Corporation (NASDAQ:ETFC) management to seek potential acquirers, and for many investors, his 10% stake in the company has been a sign of consistency and upside in a stock that has lacked both. But on Thursday the stock fell more than 8% when his firm Citadel exited their remaining stake.

Over the years, the firm has stayed very close to the company in terms of operations, and their departure means that there will no longer be someone advocating for a buyout. Furthermore, it means that we could see additional institutional investors drop their positions. Personally, this is one action that bothers me, because with E TRADE Financial Corporation (NASDAQ:ETFC) losing 70% of its value over the last five years, I have a feeling that there must have been some real problems in order for the firm to finally unload their position.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 44 percentage points in 21 months Learn how!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!