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rjm77me
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rjm77me's Blog : Notable Insider buys / sells

Date September 17, 2010    Comments Comments (2)    Rate this post Recommend This Post (96)   
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Weekly Insider Trading Summary: Notable Purchases -- Icahn adds to positions in HAIN, TTWO & MENT, more buying at AEO; Notable Sales -- Peltz selling shares of HNZ, Buffet lowers stake in MCO

This week we've seen notable insider buying in the following stocks:
Hain Celestial (HAIN) 10% owner Carl Icahn bought 264,700 shares at $23.53-24.33 on 9/9-9/16
Take-Two Interactive (TTWO) 10% owner Carl Icahn bought 422,900 shares at $9.45-9.59 on 9/10-9/14
ITT Educational (ESI) 10% owner Blum Capital bought 25,000 shares at $55.41-55.72 on 9/14-9/15
American Eagle (AEO) Director bought 89,800 shares at $14.63-14.70 on 9/13-9/14
Mentor Graphics (MENT) 10% owner Carl Icahn bought 116,400 shares at $9.90-9.98 on 9/9-9/10
Saul Centers (BFS) CEO/10% owner bought 14,700 shares at $43.19-43.98 on 9/9-9/13
Spartech (SEH) CEO and Directors (2) bought 89,037 shares at $6.90-7.13 on 9/13-9/14
National Oilwell Varco (NOV) Director bought 12,300 shares at $40.72 on 9/15
Rural/Metro (RURL) CEO bought 48,400 shares at $8.41-8.66 on 9/13
SAIC (SAI) CEO bought 25,000 shares at $15.32-15.38 on 9/14
Intuitive Surgical (ISRG) Director bought 1,000 shares at $281.05 on 9/13
We've seen notable insider selling in the following stocks:
Heinz (HNZ) Director Nelson Peltz sold 1,600,000 shares at $46.50-47.08 on 9/10-9/14
Moody's (MCO) 10% owner Warren Buffet sold 1,350,550 shares at $25.10-25.25 on 9/10-9/14
Linn Energy (LINE) Executive Chairman sold 800,000 shares at $30.02-31.00 on 9/13-9/15
Vornado Realty Trust (VNO) Chairman sold 200,000 shares at $86.07-86.57 on 9/14
Tutor Perini (TPC) CEO/10% owner sold 500,000 shares at $19.56 on 9/13
Riverbed Technology (RVBD) Director sold 184,356 shares at $43.49-44.93 on 9/13-9/15
Clean Energy Fuels (CLNE) President, CECC sold 432,000 shares at $14.30-14.96 on 9/13-9/15
G-III Apparel (GIII) CEO/10% owner and Director sold 172,083 shares at $30.29-31.14 on 9/14-9/15
MicroStrategy (MSTR) COO sold 50,000 shares at $81.57-82.92 on 9/9-9/10
Fiserv (FISV) Director sold 75,000 shares at $53.19-53.78 on 9/13-9/15
Hansen Natural (HANS) CEO sold 50,000 shares at $46.33-46.68 on 9/14
Sohu.com (SOHU) Chief Technology Officer sold 40,473 shares at $53.85 on 9/14-9/15
BE Aerospace (BEAV) CEO sold 61,623 shares at $30.74 on 9/14
Cameron International (CAM) Director sold 10,000 shares at $40.62 on 9/13

Tags : HAIN   TTWO   ESI   AEO   MENT   BFS   SEH   NOV   RURL   SAI   ISRG   HNZ   MCO   LINE   VNO   TPC   RVBD   CLNE   GIII   MSTR   FISV   HANS   SOHU   BEAV   CAM  

2 Comment(s):

Author rjm77me     Date September 18, 2010 14:07 Abuse this post Report Abuse
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Barrons report says
SHARES OF THE information-technology-services provider SAIC have been driven down by a weak top-line in the second-quarter. Now the chief executive is signaling it's time to snatch up shares at a bargain, buying $384,400 worth.

CEO Walter Havenstein bought 25,000 shares of SAIC (ticker: SAI) at an average price of $15.38 each on Sept. 14.

After the purchase, he held 286,841 shares directly and indirectly. Havenstein's stake is worth far less than 1% of SAIC's outstanding shares.

An SAIC spokeswoman did not return a call seeking comment on the purchase.

SAIC shares have fallen 13% in the past three months, compared to a less- than-1% gain for the Dow Jones Computer Services index. The Standard & Poor's 500 also gained less than 1% over the period.

Havenstein has been at the company for about a year. His last open-market purchase was in December 2009 when he bought 28,000 shares at an average price of $19.34 each.

Investors who followed him then would have been disappointed: The stock hit a 52-week high of $19.76 in March, but has fallen more than 20% in the months since.

Still, analysts say, things are looking up for the company as new-business development gains momentum. Joseph A. Vafi, an analyst with Jefferies who follows information-technology services companies, wrote in a recent research report that revenue should recover over the next couple quarters, especially against easy year-ago comparisons.

"With another quarter of robust bookings, submitted proposals at record levels, and ample balance-sheet capacity, we see an attractive risk-reward in SAIC shares at current levels," wrote Vafi, who rates the stock at Buy with a $23 price target.

Through a variety of subsidiaries, SAIC provides and supports aerospace systems, emergency-management consulting and cyber security, oversees health-care programs for government payers, among numerous other services.
Author rjm77me     Date September 18, 2010 14:08 Abuse this post Report Abuse
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Recent Insider Activity
Buyers

Company Name Insiders Name Title $ Value No. of Shares in Trans. Range of Values Transaction Dates
Spartech V. Holt CEO $513,624 72,037 7.13 Sept. 14, 2010
National Oilwell Varco R. Beauchamp D 500,814 12,300 40.72 Sept. 15, 2010
Saic W. Havenstein CEO 384,385 25,000 15.38 Sept. 14, 2010
Mueller Water Products P. Ciolino O 349,000 125,000 2.79 Sept. 15, 2010
Synta Pharmaceuticals B. Kovner DO 275,505 75,736 3.57-3.70 Sept. 13-14, 2010
Brink's M. Martin D 168,150 7,500 22.42 Sept. 15, 2010
Syntel R. Mashruwala D 111,700 2,500 44.60-44.70 Sept. 15, 2010
DPL S. Kelly O 79,204 3,050 25.96-25.98 Sept. 14, 2010
Grubb & Ellis C. Kojaian DO 50,309 45,000 1.11-1.14 Sept. 14, 2010
First Financial Bankshares F. Dueser CEO 46,490 1,000 46.49 Sept. 15, 2010

Sellers

Company Name Insiders Name Title $ Value No. of Shares in Trans. Range of Values Transaction Dates
H J Heinz N. Peltz D $75,855,468 1,619,914 46.77-46.89 Sept. 10-14, 2010
Starbucks H. Schultz CEO 40,668,751 1,580,000 25.64-25.81 Sept. 13-15, 2010
Lululemon Athletica D. Wilson H 13,281,082 330,000 39.84-40.38 Sept. 10, 2010
Webmd Health M. Wygod CB 12,972,024 249,462 52.00 Sept. 15, 2010
Tutor Perini R. Tutor CEO 9,780,000 500,000 19.56 Sept. 13, 2010
Riverbed Technology J. Swartz D 8,116,752 184,356 43.72-44.67 Sept. 13-15, 2010
Tyco International Ltd Bermuda E. Breen CEO 6,069,836 152,358 39.84 Sept. 13, 2010
American Financial Group S. Lindner CEO 5,440,184 182,500 29.75-29.86 Sept. 13-14, 2010
Micros Systems A. Giannopoulos CEO 3,960,600 100,000 39.61 Sept. 14, 2010
Brown Forman G. Brown D 3,848,164 64,088 60.05 Sept. 15, 2010
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