Wednesday 1/30 Insider Buying Report: SELB, BGG (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. On Friday, Selecta Biosciences ( SELB )’s Director, Amir Nashat, made a $1.75M buy of SELB, purchasing 1,166,666 shares at a cost of $1.50 each. So far Nashat is in the green, up about 11.3% on their buy based on today’s trading high of $1.67. Selecta Biosciences is trading up about 1.2% on the day Wednesday.
Valero Energy New (VLO) Shareholder Clinton Group Has Trimmed Position by $2.58 Million as Share Price Declined; As Vmware (VMW) Share Value Rose, Shareholder Mason Capital Management Has Lowered by $55.50 Million Its Stake (HiNewUlm.com)
Mason Capital Management LLC decreased its stake in Vmware Inc (VMW) by 95.22% based on its latest 2018Q3 regulatory filing with the SEC. Mason Capital Management Llc sold 355,787 shares as the company’s stock rose 6.22% while stock markets declined. The hedge fund held 17,845 shares of the technology company at the end of 2018Q3, valued at $2.79 million, down from 373,632 at the end of the previous reported quarter. Mason Capital Management Llc who had been investing in Vmware Inc for a number of months, seems to be less bullish one the $60.08B market cap company. The stock increased 0.93% or $1.35 during the last trading session, reaching $146.57. About 29,863 shares traded.
A DEEP DIVE INTO THE INSIDER TRADING: RITE AID CORPORATION (RAD), MORGAN STANLEY (MS) (Financial Mercury)
Looking at top Wall Street opinions, Rite Aid Corporation (NYSE:RAD) has recently made its way into the research list of Goldman – signaling that their analyst’s rating adjustment is noteworthy. This stock was Sell in the eyes of Goldman, as reported on Thursday, September 6th, 2018. Another heavy-hitting research note was published by Evercore ISI on Friday January 5th, 2018, with this firm Initiated RAD to an updated rating of Underperform. In the past six months and three months of trading, shares of Rite Aid Corporation (RAD) have moved by -55.70% and -18.15%, respectively.
BB&T Corp. Named Top Dividend Stock With Insider Buying and 3.29% Yield (Nasdaq.com)
In this series, we look through the most recent Dividend Channel”DividendRank” report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider’s view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money – maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is BB&T Corp. (Symbol: BBT), which saw buying by Director Patrick C. Graney III.
