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Bristol Myers Squibb Co. (NYSE:BMY): Pennystocksinsiders.com found Bristol Myers Squibb Co. (NYSE:BMY) Director, James M. Cornelius, sold 10,000 shares on January 17 at stock price US$34.33 for about US$343,300. On January 24, the company reported net income of US$925 million (or US$0.56 per share) for the fourth quarter of 2012, compared with US$852 million (or US$0.50 per share) in the prior-year quarter. Academic studies have shown that company insiders traditionally make higher investment returns than ordinary investors.
Focus Media Holding Limited (ADR) (NASDAQ:FMCN): Shares of Focus Media Holding Limited (ADR) (NASDAQ:FMCN) began the trading session with a price of US$25.72 and throughout the session plummeted to a low of US$23.74. When day-trade ended, the stock finally slipped 3.10% to US$24.99. Abnormal trading volume of Focus Media was found reaching 16.24 million shares, 6.4 times heavier than usual day trading. Did Focus Media insiders sell their shareholdings before the stock price dropped?
Coach, Inc. (NYSE:COH): In the last three months, Coach, Inc. (NYSE:COH) insiders have totally sold US$5.09 million worth of stock, according to insider trading report. For the second fiscal quarter ended December 29, 2012, the company announced sales of US$1.50 billion, up 4% from sales of US$1.45 billion a year ago. Investors may want to find out how Coach insiders are thinking about the future of the company. Check this insider trade report for COH here.
Today Pennystocksinsiders.com also observed abnormal trade volume for the following companies; insiders may involve trading in these companies. It will take some time for insiders to report their trades. Read these reports and add these companies into your Insider Trade Radar.
Insider Filing Source Reference: All observations, analysis and reports are based on public information released by the U.S. Securities and Exchange Commission.
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