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Hedge Fund and Insider Trading News: Steve Eisman, Carl Icahn, Voce Capital, New Residential Investment Corp (NRZ), ImmunoGen, Inc. (IMGN), and More

Insider Buys Of The Week: Kinder Morgan, Restaurant Brands, TransDigm (Benzinga)
Insider buying can be an encouraging signal for potential investors. An executive chair continuing making “very extreme” purchases in the past week. A couple of insiders made both bought and sold shares recently. Conventional wisdom says that insiders and 10 percent owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit from it. So insider buying can be an encouraging signal for potential investors, particularly during periods of uncertainty. Here’s a look at a few notable insider purchases reported in the past week.

This Stock is Seeing Big Insider Purchases (Nasdaq.com)
(New York) One of the best ways to pick stocks is to look at insider purchases. When those in-the-know on a company are buying stock with their own money, it is a probably a good time to pay attention. Well, one well-known but dormant stock (in terms of insider purchases) just saw a significant move-Goodyear. One of the rubber company’s board members just spent about $650,000 to buy 35,000 shares of the company. There has not been an insider purchase that large at Goodyear since at least 2004.

ImmunoGen, Inc. (NASDAQ:IMGN) Insider Trading Activity – CEO Sold 51,070 shares of Stock (MarketExclusive)
Insider Trading Activity For ImmunoGen, Inc. (NASDAQ:IMGN): Mark J Enyedy , CEO of ImmunoGen, Inc. (NASDAQ:IMGN) reportedly Sold 51,070 shares of the company’s stock at an average price of 5.6 for a total transaction amount of $285,992.00.

Monday 2/25 Insider Buying Report: NRZ (Nasdaq.com)
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at one noteworthy recent insider buy. On Friday, CEO and President Michael Nierenberg purchased $990,000 worth of New Residential Investment, purchasing 60,000 shares at a cost of $16.50 a piece. This purchase marks the first one filed by Nierenberg in the past twelve months. New Residential Investment is trading up about 0.5% on the day Monday. So far Nierenberg is in the green, up about 1.2% on their purchase based on today’s trading high of $16.70.

Intermolecular Inc (NASDAQ:IMI) Insider Trading Activity – Insider Sold 205,000 shares of Stock (MarketExclusive)
Insider Trading Activity For Intermolecular Inc (NASDAQ:IMI): Neil S Subin , Insider of Intermolecular Inc (NASDAQ:IMI) reportedly Sold 205,000 shares of the company’s stock at an average price of 1.1 for a total transaction amount of $225,500.00.

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