In the past week, we have seen an increase in clustered
insider transactions. An insider cluster occurs when two or more
corporate executives or directors make transactions into their
It is interesting and important to look at insider activities
because insiders tend to be contrarian investors, meaning they
tend to sell more when the market is high and buy more with the
market is low. Also, insiders have shown to be keen investors in
their company by making notable transactions over six months
before a swing in the market.
To see more of why we think insider clusters are important,
The financial industry proved to be the most interesting industry
this past week by reporting more insider buys than sells this
week. In the past three months the finance sector of the market
has seen a 6.32% increase. This increase has come from the
stabilizing of the American economic system as well as a pull
away from gold and a turn towards the banking industry.
Some Notable Buys in the Banking Industry:
First Security Group (
First Security Group reported 11 insiders making buys into the
company. This comes after the company finalized a
recapitalization project they were working on.
These 11 insiders bought a total of 557,908 shares at $1.50 each.
Since these buys the price change for the company has increased
bought 6,080,000 on April 11 as a part of this recapitalization.
First Security currently trades at $2.50.
Bank of South Carolina Corporation (
Bank of South Carolina reported four insider buys on April 11.
These corporate executives added a total of 4,756 shares at an
average cost of $12.41 per share. These transactions cost a total
These buys came as the price of the company is close to a
five-year high of $13.18.
Since these transactions the price has increased 1.21%. Bank of
South Carolina trades at $12.99.
Cortland Bancorp (
Cortland Bancorp also reported four insider buys. These buys came
on April 9 from four different directors.
These insider buys come as the price of the company has exceeded
its previous five-year high.
With its shares down 2.86% today, Cortland trades at $10.20.
The technology industry saw the biggest difference in the insider
buy to sell ratio. This past week the technology industry saw 18
different companies making cluster sells and no companies making
In the past three months the overall technology sector has seen a
1.05% decline in price.
Some Notable Sells in the Technology Sector:
This week Facebook reported three significant insider sells
coming from corporate executives.
These sells came on April 10 and 11. The executives sold a total
of 98,670 shares at an average cost of $27.18. These three
insiders made a cumulative total of $2,690,022 in these
There are 15 gurus that hold a stake in Facebook. To see these
gurus and the shares they hold, click here.
With its shares up 1.99%, Facebook trades at $27.05.
Verint Systems (
Verint Systems reported six insider sells coming from five
different insiders last week. These insiders sold a total of
43,716 shares at an average price of $34.62. These insiders
brought in a cumulative total of $1,513,766 in these
Verint reported these buys as the price is close to a one-year
high of $36.55. The P/S Ratio is also nearing a one-year high of
Meridian Funds holds 422,600 shares of Verint Systems.
With its shares up 2.34%, Verint Systems trades at $34.31.
VOXX International Corp (
VOXX International reported seven insider sells occurring on
April 12. These seven corporate executives sold a total 42,892
shares of VOXX at an average price of $10.51. These transactions
brought in $451,048 for the corporate executives.
As shown above, the corporate executives have proven to be strong
investors in their company. The graph above shows an increase in
insider selling as the price increases and peaks.
There are five gurus that hold a stake in VOXX. To see these
gurus and the shares they hold, click here.
With its shares up 0.39%, VOXX International trades at $10.32.
Consumer Cyclical Industry
The consumer cyclical industry also demonstrated a high
difference in the buy-to-sell ratio. Insiders in this industry
reported insider selling clusters for 15 different companies and
insider cluster buys for only one company.
The consumer cyclical industry includes stocks that rely
primarily on the business cycle and economic conditions. Some of
these companies include automotive, housing, entertainment and
retail businesses. In the past year the consumer cyclical
industry has seen a 23.80% increase.
Some Notable Transactions in the Consumer Cyclical
Trans World Corporation (
Trans World was the only company reporting an insider cluster buy
for the consumer cyclical industry. Two 10% owners of the company
added a total of 301,821 shares at an average price of $2.54.
These two owners of Trans World nabbed the stock as it is nearing
a 52-week low price of $2.21.
Trans World Corporation currently trades at $2.33.
Gap Inc. (GPS)
The Gap reported three large insider sells coming from corporate
Chairman and CEO Glenn Murphy made two different transactions,
selling a total of 500,000 shares of the company stock at an
average price of $37.5. These two transactions brought in a total
CIO John Keiser sold 49,796 shares of Gap stock at $37.90 per
share. This brought in a total of $1,887,268 for Keiser.
The price of The Gap is nearing a 10-year high of $38.18.
Thirteen gurus currently hold shares of GPS. To view these gurus
and the stake they hold, click here.
With its shares up 1.98%, The Gap trades at $37.66.
Signet Jewelers (SIG)
Signet Jewelers reported nine insider sells this past week. These
insiders sold a total of 152,750 shares at an average price of
These insiders really raked in the money as the price of Signet
is currently sitting at a 10-year high. Also, as the graph above
shows, the insiders at Signet only sell as the price of the
Seven gurus currently hold a stake in Signet Jewelers. To see the
complete list of these gurus and the shares they hold, click
With its shares up 2.03%, Signet Jewelers trades at $66.94.
To view the complete list of insider transactions
occurring this past week in any sector, click here.
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