Major Insider Selling Detected At Three Companies, Including eBay Inc. (EBAY)

A provider of voice telecommunications services, Inteliquent Inc. (NASDAQ:IQNT) has seen three different insiders sell stock so far this week. Director Timothy A. Samples sold exactly 5,000 shares on Monday at a weighted average price of $20.14, trimming his stake to 18,246 shares. John R. Harrington, Senior Vice President of Litigation, Regulatory and Human Resources at Inteliquent, unloaded 2,399 shares on the same day, at prices between $20.03-and-$20.54 apiece, and currently owns 25,992 shares. He also disposed of 310 shares last Friday to cover tax obligations resulting from the vesting of restricted stock. Edward M. Greenberg, another Member on the company’s Board of Directors, offloaded 9,700 shares on Monday at a weighted average sale price of $20.45, remaining with 6,956 shares. Inteliquent Inc. (NASDAQ:IQNT)’s shares are currently trading at exactly the same level they were trading at during the first trading days of the year, while their trailing P/E ratio of 16.91 might suggest that they are still undervalued. However, the seemingly disappointing third quarter earnings report of the company somewhat weakened the charm of this stock. Jim Simons’ Renaissance Technologies reported owning roughly 938,500 shares in Inteliquent Inc. (NASDAQ:IQNT) through its 13F filing for the June quarter.

Lastly, we will investigate the insider selling activity at Trinity Industries Inc. (NYSE:TRN), one of the largest manufacturers of transportation, construction and industrial products in the United States. Senior Vice President D. Stephen Menzies sold 101,296 shares on Monday at a price of $27.46 per share, and currently owns a 123,909-share stake. The shares of the company are nearly 1% in the red year-to-date, but they are trading at a cheap trailing P/E ratio of 6.00. Of course, Trinity Industries Inc. (NYSE:TRN)’s business environment has been affected by macroeconomic uncertainty, but that does not entirely justify the low valuation. Even more to that, the company recently released a strong third quarter earnings report, posting earnings per share of $1.31, up from $0.91 reported in the same quarter a year ago. Trinity’s revenues reached $1.07 billion, which marked an increase of 8% year-over-year. Charles Paquelet’s Skylands Capital reduced its stake in Trinity Industries Inc. (NYSE:TRN) by 62,750 shares during the third quarter, ending the three-month period with 22,500 shares.

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