How Insiders Trade Hot Stocks: Bank of America, Smith & Wesson, Wells Fargo, Micron, Morgan Stanley, and U.S. Bancorp

Dec 18, 2012, 08:55 ET from from ,

VANCOUVER, British Columbia, Dec. 18, 2012 /PRNewswire/ -- has issued insider trading reports and equity research for the following companies: Bank of America (NYSE: BAC), Smith & Wesson (NASDAQ: SWHC), Wells Fargo (NYSE: WFC), Micron (NASDAQ: MU), Morgan Stanley (NYSE: MS), and U.S. Bancorp (NYSE: USB).

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Report Highlights:

Bank of America Corporation (NYSE: BAC): Bank of America Corporation's (NYSE: BAC) Board of Directors lately approved a regular quarterly dividend of US$18.125 per share on the 7.25 percent Non-Cumulative Perpetual Convertible Preferred Stock, Series L, which is payable on January 30, 2013 to shareholders of record on January 1, 2013. By market close, Bank of America shares gained 3.97% to US$11.00, a new 52-week high price. Can BAC continue to move higher? Did Bank of America insiders buy their shareholdings before the stock price jumped?

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Wells Fargo & Company (NYSE: WFC): Between September 18 and December 17, Wells Fargo & Company (NYSE: WFC) have purchased US$339,600 in shares, while others have sold US$1.28 million worth. Moreover, the company recently announced that Anne Doss has been appointed as the Head of its Personal and Small Business Insurance division, effective January 1, 2013. Academic studies have shown that company insiders traditionally make higher investment returns than ordinary investors. Want to know when company insiders will purchase their shares?

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Smith & Wesson Holding Corporation (NASDAQ: SWHC): found Smith & Wesson Holding Corporation (NASDAQ: SWHC) President, Chief Executive Officer, Director, P. James Debney, purchased 5,000 shares on December 12, at stock price US$9.82 each for about US$49,100. Additionally, there was a Market Purchase made by Independent Director -- John B. Furman on December 11, at stock price US$9.49 for a worth of US$18,980. In the last three months, Smith & Wesson officials have purchased US$83,720 in shares, while others have sold US$2.64 million worth. Check out the insider trade report here.

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Today 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.

Micron Technology, Inc. (NASDAQ: MU):

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Morgan Stanley (NYSE: MS):

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U.S. Bancorp (NYSE: USB):

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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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