Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Insiders Buy Stock at Tiffany & Co., While WageWorks, Reynolds American, and SandRidge See Sales

By

Plus, purchases at Cincinnati Bell and Aehr Test Systems, and a sale at Vantiv.

PrintPRINT
Welcome to our daily round-up of top insider buys and sales. Here's a look at the most significant insider sales and purchases filed with the SEC on Tuesday, March 19.

Buys: The Qatar Investment Authority increased its stake in jewelry company Tiffany & Co. (NYSE:TIF), purchasing $15,570,718 worth of company stock. At Nature's Sunshine Products (NASDAQ:NATR), a natural health and wellness company that manufactures and sells nutritional products worldwide, Director Willem Mesdaq purchased 60,864 shares for $931,884. Theodore Torbeck, the President and CEO of telecommunications and technology services company Cincinnati Bell (NYSE:CBB), bought $332,700 worth of company stock, while two Directors at Aehr Test Systems (NASDAQ:AEHR), Mukesh Patel and Robert Anderson, each bought 250,000 shares for $250,000.

Sales: The capital investment firm VantagePoint Capital Partners increased its stake in WageWorks (NYSE:WAGE), buying 4,800,000 shares for $115,200,000. WageWorks provides on-demand advantage programs for health and commuter benefits to employees of client companies. Brown and Williamson, a subsidiary of British American Tobacco, sold $29,997,400 worth of its shares in Reynolds American (NYSE:RAI). Reynolds American was created in 2004 when Brown and Williamson, amidst controversy that it added addictive chemicals to its cigarettes, merged with R.J. Reynolds. At independent natural gas and oil company SandRidge Energy (NYSE:SD), Chairman and CEO Tom Ward sold 3,667,000 shares for the price of $20,838,116. Charles Drucker, CEO of electronic payment processing services company Vantiv (NYSE:VNTV), sold $2,244,001 worth of company stock.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
B
$15,570,718
2
DIR,BO
B
$931,884
3
PR,CEO
B
$332,700
4
CEO,CB,BO
B
$326,479
5
CB,CEO,PR
AB
$292,800
6
DIR
JB*
$250,000
7
DIR
JB*
$250,000
8
BO
B
$230,692
9
BO
B
$201,875
10
O
B
$174,168

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JS*
$115,200,000
2
BO
JS*
$90,499,440
3
BO
S
$29,997,400
4
CB,CEO,DIR
S
$20,838,116
5
BO
JS*
$19,843,400
6
DIR
S
$14,220,000
7
DIR,BO
S
$5,195,205
8
O
S
$2,439,850
9
PR,CEO,DIR
AS
$2,244,001
10
DIR
S
$1,690,200

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

An important note from Jonathan Moreland, founder of Insider Insights:

In a victory for common sense, it has been proven profitable -- by both academic studies and (more importantly) the experience of your fellow professional investors -- to monitor the trading behavior of company executives, directors, and large shareholders in the stocks of firms of which they're registered as "insiders."

Please note, however, that the lists above are strictly factual; they are not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.

At InsiderInsights.com, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don't (or shouldn't) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.

Jonathan Moreland is also the author of "Profit From Legal Insider Trading."
No positions in stocks mentioned.
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE