Thursday 2/7 Insider Buying Report: T, JPM (Nasdaq.com)
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy – they expect to make money. So let’s look at two noteworthy recent insider buys. At AT&T (T), a filing with the SEC revealed that on Monday, Director Geoffrey Y. Yang bought 33,558 shares of T, for a cost of $29.79 each, for a total investment of $999,535. Bargain hunters have the opportunity to buy T at a price even lower than Yang did, with shares changing hands as low as $29.12 in trading on Thursday – that’s 2.2% under Yang’s purchase price. AT&T is trading down about 1.2% on the day Thursday. Before this latest buy, Yang purchased T on 2 other occasions during the past year, for a total cost of $2.49M at an average of $30.42 per share.
Thursday’s Insider Report: This Blue-chip Dividend Stock has Four Trading Its Shares (TheGlobeAndMail.com)
Featured below are companies that have experienced recent insider trading activity in the public market through their direct and indirect ownerships, including accounts they have control or direction over. The list features insider transaction activity; it does not convey total ownership information as an insider may hold numerous accounts. Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. Selling activity may or may not be related to a stock’s valuation; perhaps an insider needs to raise money for personal reasons.
Bank Royal Commission Insider Trading Claim is ‘Bulls–t’ (AFR.com)
Speculation in the media and being fuelled by Labor about potential insider trading in bank shares on Monday ahead of the royal commission report’s public release is, in the words of one well-placed official source, almost certainly “bulls–t”. Labor’s financial services spokeswoman, Clare O’Neil, has publicly released a letter she sent to the head of the Department of Prime Minister and Cabinet, Martin Parkinson, requesting an investigation into an alleged $500 million bet on bank shares at 11am on Monday, five hours before the report was released, that reportedly yielded a quick $22 million profit.
With the $3 Billion Alternative Data Industry Exploding, Hedge Fund Managers Fear a Crackdown Could be Coming (Business Insider)
As hedge fund managers seek out ways to beat the market, they’re increasingly turning to alternative data providers to identify trends before their competitors. But with information like satellite images and credit card transactions already well-used throughout the industry, some managers are wading into potentially risky territory as they seek out cutting edge data. Lawyers say a few steps can protect managers, including questioning a data provider’s sources.
Estee Lauder Companies Inc (NYSE:EL) Insider Trading Activity – EVP Sold 46,233 shares of Stock (MarketExclusive.com)
Insider Trading Activity For Estee Lauder Companies Inc (NYSE:EL): Gregory Polcer , EVP of Estee Lauder Companies Inc (NYSE:EL) reportedly Sold 46,233 shares of the company’s stock at an average price of 152.31 for a total transaction amount of $7,041,748.23 SEC Form. Insider Trading History For Estee Lauder Companies Inc (NYSE:EL): On 12/3/2012 Fabrizio Freda, CEO, sold 4,751 with an average share price of $60.00 per share and the total transaction amounting to $285,060.00. On 12/4/2012 Zinterhofer Aerin Lauder Trust, Major Shareholder, sold 300,000 with an average share price of $59.09 per share and the total transaction amounting to $17,727,000.00.
