How Insiders Trade Hot Stocks: Herbalife, Bank of America, Hovnanian Enterprises, General Electric, AT&T, and Citigroup
VANCOUVER, British Columbia, Dec. 27, 2012 /PRNewswire/ -- Pennystocksinsiders.com (PSI) has issued insider trading reports and equity research for the following companies: Herbalife (NYSE: HLF), Bank of America (NYSE: BAC), Hovnanian Enterprises (NYSE: HOV), General Electric (NYSE: GE), AT&T (NYSE: T), and Citigroup (NYSE: C).
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Herbalife Ltd. (NYSE: HLF): In the last three months, Herbalife Ltd. (NYSE: HLF) officials have sold US$1.73 million in shares, while others have purchased US$3.10 million worth. Herbalife shares extended its downtrend and fell another 4.44% to US$26.06 with over 19.30 million trading hands, which was 3.7 times more than average volume. The stock reached a new 52-week low of US$24.24 earlier in the session. Has HLF hit the bottom, and if so, is it ready to move up?
Read Full Report: http://www.Pennystocksinsiders.com/PR/122712A/HLF/Herbalife.pdf
Bank of America Corporation (NYSE: BAC): At the close of the trading day, Bank of America Corporation (NYSE: BAC) shares ended lower by 0.35% to US$11.25 on over 50.66 million shares, below its 30-day average volume of 159.11 million shares. In the past 52 weeks, Bank of America share prices have been bracketed by a low of US$5.27 and a high of US$11.52, and are now at US$11.25 (113% above that low price). Are Bank of America insiders starting to take huge profits by selling shares or exercising stock options? Add BAC into your watch list for insider trade now.
Read Full Report: http://www.Pennystocksinsiders.com/PR/122712A/BAC/BankofAmerica.pdf
Hovnanian Enterprises, Inc. (NYSE: HOV): Pennystocksinsiders.com found Hovnanian Enterprises, Inc. (NYSE: HOV) Chairman of the Board, President, Chief Executive Officer, Ara K. Hovnanian, sold 350,764 shares on December 19, at stock price US$5.94 for about US$2.08 million. Disclose date: December 21. For the fourth quarter ended October 31, 2012, Hovnanian Enterprises reported net loss of US$84.4 million (or US$0.59 per common share), compared with net loss of US$98.3 million (or US$0.90 per common share), in the same quarter of 2011. Check out the insider trade report here.
Today Pennystocksinsiders.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 Electric Company (NYSE: GE):
Read Full Report: http://www.Pennystocksinsiders.com/PR/122712A/GE/GeneralElectric.pdf
AT&T Inc. (NYSE: T):
Read Full Report: http://www.Pennystocksinsiders.com/PR/122712A/T/ATT.pdf
Citigroup Inc. (NYSE: C):
Read Full Report: http://www.Pennystocksinsiders.com/PR/122712A/C/Citigroup.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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