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Weekly Top Insider Sells: CIE, AXP

By: GuruFocus
Posted: 1/28/2013 11:21:00 AM
Referenced Stocks: AXP;CIE

According to GuruFocus Insider Data , these are the largest insider sells during the past week. The overall trend of insiders is illustrated in the chart below:



Cobalt International Energy Inc. ( CIE ): Director Scott L. Lebovitz Sold 13,050,450 Shares

Director of Cobalt International Energy Inc. ( CIE ) Scott L. Lebovitz sold 13,050,450 shares on 1/18/2013 at an average price of $24.47.

On Oct. 30, 2012 Cobalt International Energy Inc. announced a net loss of $39 million, or $0.10 per basic and diluted share, for the third quarter of 2012, compared to a net loss of $47 million, or $0.12 per basic and diluted share, for the third quarter of 2011.

After the transaction, Lebovitz owns at least 49,909,648 shares. The price of the stock has decreased by 2.12% since.

American Express Co. ( AXP ): Executive Vice President of Corporate Affairs, Thomas A. Schick Sold 190,654 Shares

American Express Co ( AXP ) Executive Vice President of Corporate Affairs, Thomas A. Schick sold 190,654 shares on 1/22/2013 at an average price of $70.413.

American Express Co. was founded in 1850 as a joint stock association and was incorporated in 1965 as a New York Corp. American Express Co. has a market cap of $66.74 billion; its shares were traded at around $59.50 with a P/E ratio of 13.6 and P/S ratio of 2.2. The dividend yield of American Express Co. stocks is 1.3%. American Express Co. had an annual average earnings growth of 4.3% over the past 10 years. GuruFocus rated American Express Co. the business predictability rank of 2.5 stars .

On Jan. 17, 2013 American Express Co. reported fourth-quarter net income of $637 million, down 47 percent from $1.2 billion a year ago. Net income from the quarter included the restructuring charge, rewards expense and cardmember reimbursements that were announced last week. Diluted earnings per share was $0.56, down 45 percent from $1.01 a year ago.

Group Presisdent of Global Services Stephen J. Squeri sold 54,210 shares of AXP stock on 1/22/2013 at the average price of $59.24. Squeri owns at least 107,398 shares after this. The price of the stock has increased by 0.44% since.

For the complete list of stocks that bought/sold by their company executives, go to: Insider Buys.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .