Hot Stocks: Clearwire, Vertex Pharmaceuticals, Marvell, General Motors, Alcoa, and Barrick Gold
VANCOUVER, British Columbia, Oct. 12, 2012 /PRNewswire/ -- Insiderslab.com has issued insider trading reports and Equity Research for the following companies: Clearwire (NASDAQ: CLWR), Vertex Pharmaceuticals (NASDAQ: VRTX), Marvell (NASDAQ: MRVL), General Motors (NYSE: GM), Alcoa (NYSE: AA), and Barrick Gold (NYSE: ABX).
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Clearwire Corporation (NASDAQ: CLWR): On Thursday, Sprint Nextel Corporation, who owns 49% of Clearwire Corporation (NASDAQ: CLWR), confirmed that Japanese mobile carrier Softbank is in talks to the company on "a potential substantial investment" that could lead to a change of control. The deal "may or may not occur," Dan Hesse, Chief Executive at Sprint, said in an email to employees. Sprint said it will not comment further "unless and until an agreement is reached." Shares of Clearwire shares rallied 70.77% to US$2.22 on the Softbank rumor. Abnormal trading volume of Clearwire was found reaching 170.09 million shares, 20 times heavier than usual day trading. Clearwire's 52-week range remained US$0.83 to US$2.64 with its market capitalization touching US$3.24 billion. Its price, as of the latest close, was up 167% compared with the 52-week low and was 19% below the 52-week high. Insiderslab.com believes that it is a clever way to check if insiders like CEOs, CFOs, and Directors in Clearwire are starting to buy more company shares. See insider trade report for CLWR here.
Read Full Report: http://www.insiderslab.com/PR3/101212A/CLWR/Clearwire.pdf
Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX): Insiderslab.com found company Chief Financial Officer, Executive Vice President, Ian F. Smith, sold a total of 44,787 shares on October 8 in two separate transactions, at stock price US$60.00 each for a worth of US$2.69 million. Disclose date: October 9. Insiderslab.com also found Market Option Sale (Planned) made by company Director -- Joshua S. Boger on October 10, at stock price US$57.15 each for about US$228,600. Disclose date: October 11. In the last three months, company insiders have sold a total of US$10.12 million in shares, which ranged in price from US$49.01 to US$60.00 each. At the close of the trading day, shares of Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) tumbled 0.21% to US$56.88 while the stock traded within the range of US$53.50 - US$60.00. VRTX crossed below the 50-day moving average in the last trading session. Share prices of Vertex Pharmaceuticals have traded as high as US$66.10 per share and as low as US$26.50 in the past year. Abnormal trading volume of Vertex Pharmaceuticals was found reaching 8.52 million shares, 5 times heavier than usual day trading. Investors may want to find out how Vertex Pharmaceuticals insiders like CEOs, CFOs and Directors are thinking about the future of the company. Check this insider trade report for VRTX here.
Read Full Report: http://www.insiderslab.com/PR3/101212A/VRTX/VertexPharmaceuticals.pdf
Marvell Technology Group Ltd. (NASDAQ: MRVL): Shares of Marvell Technology Group Ltd. (NASDAQ: MRVL) in the last trading session began with a price of US$8.87 and hit a new 52-week low of US$8.70, finally climbed 0.68% to US$8.88. Its price, as of the latest close, was up 2% compared with the 52-week low and was 90% below the 52-week high. There were 21.52 million shares of Marvell exchanging hands as compared to its average daily volume of 10.53 million shares. Marvell, a global leader in the development of storage, communications and consumer silicon solutions, currently has a market capitalization of US$4.95 billion. Where do you think the stock will go from here? Academic studies clarify that professional investors can get benefit from insider trading data. Do you want to trace Marvell on an on-going basis? It can be done for free by registering below.
Read Full Report: http://www.insiderslab.com/PR3/101212A/MRVL/Marvell.pdf
Today Insiderslab.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.
General Motors Company (NYSE: GM):
Read Full Report: http://www.insiderslab.com/PR3/101212A/GM/GeneralMotors.pdf
Alcoa Inc. (NYSE: AA):
Read Full Report: http://www.insiderslab.com/PR3/101212A/AA/Alcoa.pdf
Barrick Gold Corporation (USA) (NYSE: ABX):
Read Full Report: http://www.insiderslab.com/PR3/101212A/ABX/BarrickGold.pdf
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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