VANCOUVER, British Columbia, April 18, 2012 /PRNewswire-Asia/ -- Pennystocksinsiders.com (PSI) has issued insider trading reports and Equity Research for the following companies: Schlumberger (NYSE:SLB), American International Group (NYSE:AIG), Renren (NYSE:RENN), SUNPEAKS VENTURES (OTC:SNPK), Home Depot (NYSE:HD), and Weatherford (NYSE:WFT).
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Schlumberger Limited. (NYSE:SLB): Schlumberger Limited. (NYSE:SLB) has recently decided to sell its Wilson distribution business to National Oilwell Varco, Inc. By the end of Tuesday's trading, Schlumberger Limited advanced 2.83% to US$69.35. The move occurred on volume of 8.25 million which is relative to the 9.23 million shares traded on average each day. In the past 52 weeks, Schlumberger Limited share prices have been bracketed by a low of US$54.79 and a high of US$95.53, and are now at US$69.35, 27% above that low price. Pennystocksinsiders.com thinks that it is a clever way to check if insiders like CEOs, CFOs, and Directors in SLB are starting to buy more company shares. See insider trade report for SLB here.
American International Group, Inc. (NYSE:AIG): American International Group, Inc. (NYSE:AIG) is scheduled to announced its financial results for first quarter 2012 on May 3. Additionally, the company recently appointed Mary Jane Fortin as Chief Financial Officer of the SunAmerica Financial Group life insurance division. In the last trading session, American International Group tumbled 0.27% to US$32.72. Share prices of American International Group have traded as high as US$33.44 per share and as low as US$19.18 in the past 52 weeks. Are insiders starting to take huge profits by selling shares or exercising stock options? Academic studies have shown that insiders traditionally make higher investment returns than ordinary investors. Want to find out how they do it?
Renren Inc. (NYSE:RENN): Renren Inc. (NYSE:RENN) slid US$0.27 per share (equivalent to 3.78%), where stock prices fell to US$6.87. In the past 52 weeks, Renren Inc. share prices have been bracketed by a low of US$3.21 and a high of US$24.00, and are now at US$6.87, 114% above that low price. The company has a market capitalization of 2.68 billion. Did insiders like CEOs, CFOs, and Directors sell their shareholdings before the stock price dropped? 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.
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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