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August 10, 2011
Edited: August 11, 2011
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A large number of insiders are valuing their own companies and are saying it is worth buying. In todays environment that does not mean that the prices will hold.
Again these folks are buy and hold for next 3 to 5 years and sure hope that they know some thing to put some of money to work.
10-Aug-11 16:40 Mylan Labs CEO buys 10K shares at 17.46 (17.38 -1.21) :
10-Aug-11 16:32 General Motors CEO and VP disclose buying a total of 10.5K shares at $25.05 on 8/9, worth ~263K (23.92 -1.62) :
10-Aug-11 16:30 Corning CFO discloses buying 65K shares at $13.47 to $13.49 on 8/10, worth ~$877K (13.20 -1.14) :
10-Aug-11 16:24 Fidelity discloses new 10%+ positions in 13G filings out before the close: CPTS, JKS, HFC, BTE, VSI, CPA, BWLD, CVLT -Update : The firm disclosed positions in CPTS (12.499%), JKS (12.189%), HFC (12.119%), BTE (10.011%), VSI (10.865%), CPA (11.299%), BWLD (10.131%), and CVLT (10.283%).
10-Aug-11 14:20 ET In Play SM Energy SVP discloses buying 15K shares at $69.98-79.50 on 8/5-8/8, worth ~$1.2 mln (75.68 +2.39) :
10-Aug-11 11:43 CLECO CEO discloses buying 22K shares at $31.73 on 8/9, worth ~$700K (32.00 -0.62) : 10-Aug-11 11:04 Developers Diversified Rlty Director, just before the open, disclosed buying 100K shares at $11.07-11.19 on 8/8, worth ~$1.1 mln (11.90 -0.09) :
10-Aug-11 10:32 AsiaInfo Director discloses buying 27,300 shares on 8/9 at $10.95, worth ~$300K (10.66 -0.33) :
10-Aug-11 09:11 Forest Labs: Carl Icahn discloses 9.2% stake in amended 13D filing, up from 6.95% reported on 6/24 (34.77 ) :
09-Aug-11 16:58 PDL BioPharma: The Baupost Group discloses 10.53% stake in 13G filing (5.84 +0.37) : 09-Aug-11 14:28 AK Steel CEO discloses buying 25K shares at $7.96 to $7.97 on 8/9, worth ~$200K (8.01 +0.21) -Update :
09-Aug-11 12:33 Annaly Capital Mgmt Chf. Strat. Off discloses buying 50K shares at $17.12 to $17.13 on 8/8, worth ~$857K (17.14 +0.80) :
09-Aug-11 12:28 Emerson Director discloses buying 21,820 shares at $45.45 to $47.03 on 8/5, worth ~$1 mln (43.18 +0.65)
09-Aug-11 10:40 MEMC Elec is trading just off of highs following a number of corporate insider purchases disclosed this morning (5.85 +0.87) : In all, the company's CEO, CFO, 2 VPs, and a Director disclosed buying 88,695 shares at prices ranging from $5.75-6.15 on 8/5 and 8/8, worth ~$516K.
09-Aug-11 09:48 Leap Wireless: MHR Fund Management discloses 25.1% stake (~19.75 mln shares) in amended 13D filing before the open, up from ~15.5 mln shares as of 3/31 (6.50 +0.23) :
09-Aug-11 07:50 Clearwire: Glenview Capital disclosed 6.53% stake in 13G filing (denotes passive position) out last night after the close (1.52 ) :
08-Aug-11 14:41 Appaloosa discloses quarterly holdings as of 6/30; buying in CVI, VLO, MU, MAS, and MWA; selling in BAC, DF, and HPQ -Update :
Texas Industries (TXI) 10% owner Longleaf Partners bought 544,800 shares at $37.56-39.37 on 8/1-8/3, worth ~$21.0 mln
NASDAQ (NDAQ) 10% owner Patricia Holding bought 400K shares at $22.54-23.82 on 8/2-8/4, worth ~$9.3 mln
Overstock.com (OSTK) 10% owner Francis Chou and SVP bought 347,500 shares at $6.30-6.50 on 7/29-8/1, worth ~$4.4 mln
Overseas Shipholding (OSG) Directors/10% owner (4) bought 207,750 shares at $19.86-20.11 on 8/4, worth ~$4.1 mln
Morgan Stanley (MS) CEO, CFO, Director, and officer bought 180K shares at $20.04-20.73 on 8/2-8/4, worth ~$3.7 mln
Ruby Tuesday (RT) CEO, Directors/10% owner (2), and VP bought 180,600 shares at $8.63-8.86 on 8/3-8/4, worth ~$1.6 mln
Triumph Group (TGI) Director bought 22K shares at $51.00-52.50 on 8/2-8/3, worth ~$1.2 mln
Valhi (VHI) Chairman/10% owner bought 14K shares at $45.00-55.00 on 8/2-8/4, worth $693K
Boston Scientific (BSX) Director bought 100K shares at $6.80-6.84 on 8/2, worth ~$682K
Navarre (NAVR) 10% owner Becker Drapkin Mgmt bought 312,300 shares at $1.89-1.94 on 7/28-8/4, worth ~$603K
Chimera Investment (CIM) CEO, Directors (2) and officer bought 180K shares at $3.05-3.17 on 8/3, worth ~$564K
Cliffs Natural Resources (CLF) VPs (2) and Director bought 5,402 shares at $88.41-89.49 on 8/1-8/2, worth ~$481K
Cincinnati Financial (CINF) CEO bought 16,500 shares at $27.32-27.70 on 7/29-8/1, worth ~$454K
Celgene (CELG) CFO and Directors (2) bought 7,500 shares at $58.10-59.47 on 8/1, worth ~$439K
MDC Partners (MDCA) CEO, CFO, VC, and officers (3) bought 21,350 shares at $17.65-20.40 on 8/1-8/3, worth ~$391K
Webster Financial (WBS) CFO bought 15K shares at $20.65-20.68 on 7/29, worth ~$310K
Regions Financial (RF) SEVP bought 50K shares at $5.94 on 8/1, worth $297K
Kronos Worldwide (KRO) CEO bought 10K shares at $26.50-26.82 on 8/3, worth ~$266K
Optimer Pharma (OPTR) CEO bought 25K shares at $8.98 on 8/4, worth ~$224K
Armstrong World Industries (AWI) CFO bought 6,500 shares at $34.01-34.06 on 8/2, worth ~$221K
Unisys (UIS) CEO bought 10K shares at $20.97-21.19 on 8/1, worth ~$211K
We've seen notable insider selling in the following stocks:
Notable decreases in BAC (to 10 mln from 17.2 mln as of 3/31), DF (to ~9 mln from 13.1 mln), HPQ (to ~2.9 mln from ~6.3 mln
Convergys (CVG) 10% owner Jana Partners sold 1,259,436 shares at $12.06-13.90 on 8/2-8/4, worth ~$16.2 mln
Whole Foods Market (WFM) 10% owner Green Equity Investors sold 164,573 shares at $66.05-67.36 on 7/219-8/2, worth ~$11.0 mln
ACE Limited (ACE) COO sold 18,160 shares at $66.55-66.72 on 8/3, worth ~$1.2 mln
