CEO of Low-Priced Syringe Maker Buys 2 Million Shares, Plus Other Noteworthy Insider Trading

Cluster of Insider Selling at Ethanol Company, CEO Among Sellers

Several top-tier executives at REX American Resources Corp (NYSE:REX) offloaded shares in the past two weeks or so. To begin with, Stuart A. Rose, the Executive Chairman of the Board, sold 7,936 shares on Friday at prices ranging from $89.90 to $92.00 per share, as well as discarded an additional 5,610 shares two days earlier at prices that fell between $94.50 and $94.60 per share. Following these transactions, Mr. Rose currently owns a total of 574,206 shares. Douglas L. Bruggeman, Chief Financial Officer, Vice President of Finance and Treasurer, sold 2,000 shares on Thursday at prices varying from $92.20 to $92.56 per share, cutting his ownership to 28,151 shares. Last but not least, CEO and President Zafar A. Rizvi liquidated 16,000 shares last Tuesday at a price tag of $95.65 each, a sale that trimmed his overall holding to 43,162 shares.

Mr. Rose, the former CEO and current Executive Chairman, as well as the other insiders at the ethanol company have been selling shares in recent months as REX shares have gained an impressive 92% in the past year. While insiders have been offloading shares, investment group BlackRock Inc. (NYSE:BLK) has been boosting its stake in the alternative energy company as of late. According to fresh SEC filings, BlackRock holds a 10.1%-stake in REX and represents the largest investor in the biofuel company. Renaissance Technologies had 525,600 shares of REX American Resources Corp (NYSE:REX) in its portfolio at the end of the third quarter.

Executive at Provider of IT Services to the U.S. Government Offloads Shares

One member of Science Applications International Corp (NYSE:SAIC)’s management team unloaded some shares last week. Nazzic S. Keene, Sector President of Global Markets and Missions at the company, sold 10,494 shares on Thursday at a price of $84.00 per share. Ms. Keene owns an aggregate of 19,383 shares after the recent sale.

The provider of technical, engineering and enterprise information technology services, predominantly to the U.S. government, has seen the value of its stock skyrocket by 96% in the past 12 months, so the insider sale mentioned above should not come as a surprise to the investment community. Science Applications International Corp (NYSE:SAIC)’s revenue for the nine months that ended November 4 increased by $180 million to $3.42 billion, mainly reflecting revenue earned on contracts obtained through the acquisition of Scitor Holdings. SAIC acquired the privately-held provider of technical services to the U.S. intelligence community and other U.S. government customers in early-May of 2015. Ken Griffin’s Citadel Advisors owned 39,131 shares of Science Applications International Corp (NYSE:SAIC) at the end of the third quarter.

Disclosure: None