Insider Trading on Top Volume Mover: Mcmoran Exploration, Safeway, Broadcom, J.C. Penney, Baidu.com, and Walter Energy
VANCOUVER, British Columbia, Dec. 7, 2012 /PRNewswire/ -- Insiderslab.com has issued insider trading reports and equity research for the following companies: Mcmoran Exploration (NYSE: MMR), Safeway (NYSE: SWY), Broadcom (NASDAQ: BRCM), J.C. Penney (NYSE: JCP), Baidu.com (NASDAQ: BIDU), and Walter Energy (NYSE: WLT).
(Read full report by clicking the link below, you may need to copy and paste the full link to your browser.)
Mcmoran Exploration Co (NYSE: MMR): On December 5, Freeport-McMoRan Copper & Gold Inc., Plains Exploration & Production Co. and Mcmoran Exploration Co (NYSE: MMR) announced their definitive merger agreements. As part of the agreement, Freeport-McMoRan will acquire Mcmoran Exploration for approximately US$3.4 billion in cash, or US$2.1 billion net of 36% of the Mcmoran Exploration interests currently owned by Freeport-McMoRan and Plains Exploration & Production. Do you want to know when Mcmoran Exploration insiders will purchase their shares? See insider trade report for MMR here.
Read Full Report: http://www.insiderslab.com/PR3/120712A/MMR/McmoranExploration.pdf
Safeway Inc. (NYSE: SWY): Shares of Safeway Inc. (NYSE: SWY) in the last trading session began with a price of US$17.73 and attained highs of US$19.36, finally gained 2.41% to US$17.88. This is after the company announcing the acceleration of its regular quarterly cash dividend. Safeway's Board of Directors approved a cash dividend of US$0.175 per share, payable on December 31, 2012 to stockholders of record on December 17, 2012. Are Safeway insiders starting to take huge profits by selling shares or exercising stock options? Add SWY into your watch list for insider trade now.
Read Full Report: http://www.insiderslab.com/PR3/120712A/SWY/Safeway.pdf
Broadcom Corporation (NASDAQ: BRCM): Insiderslab.com found Broadcom Corporation (NASDAQ: BRCM) Chief Technology Officer, Director, Henry Samueli, Ph.D., sold 350,000 shares on December 3, at stock price US$32.55 for about US$11.39 million. Disclose date: December 5. Additionally, there was a large Market Option Sale (Planned) made by President, Chief Executive Officer, Director -- Scott A. McGregor on December 4, at stock price US$32.19 each for about US$643,810. Check this insider trade report for BRCM here.
Read Full Report: http://www.insiderslab.com/PR3/120712A/BRCM/Broadcom.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.
J.C. Penney Company, Inc. (NYSE: JCP):
Read Full Report: http://www.insiderslab.com/PR3/120712A/JCP/JCPenney.pdf
Baidu.com, Inc. (ADR) (NASDAQ: BIDU):
Read Full Report: http://www.insiderslab.com/PR3/120712A/BIDU/Baiducom.pdf
Walter Energy, Inc. (NYSE: WLT):
Read Full Report: http://www.insiderslab.com/PR3/120712A/WLT/WalterEnergy.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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SOURCE Insiderslab.com; Insiders.hk