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 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

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!