VANCOUVER, British Columbia, July 3, 2012 /PRNewswire-Asia/ -- Pennystocksinsiders.com (PSI) has issued insider trading reports and Equity Research for the following companies: Arena Pharmaceuticals (NASDAQ:ARNA), Chesapeake Energy (NYSE:CHK), Sirius (NASDAQ:SIRI), Liquidity Services (NASDAQ:LQDT), J.C. Penney (NYSE:JCP), and Groupon (NASDAQ:GRPN).
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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA): In the last trading session, Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) slumped 0.30% to US$9.94 with more than 30.41 million shares traded, compared to its average volume of 28.54 million shares. In the past 52 weeks, Arena Pharmaceuticals share prices have been bracketed by a low of US$1.23 and a high of US$13.50, and are now at US$9.94 (708% above that low price). Are Arena Pharmaceuticals 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. Do you want to trace this company on an on-going basis?
Chesapeake Energy Corporation (NYSE:CHK): According to a recent report of Chesapeake Energy Corporation (NYSE:CHK), Archie Dunham, former Chairman of ConocoPhillips, has been appointed as Independent Chairman to replace Chief Executive Aubrey McClendon. According to a filing with the U.S. Securities and Exchange Commission, Dunham was given an initial restricted stock awards valued at approximately US$500,000 and an annual restricted stock award valued at US$250,000. By the end of Monday's trading, Chesapeake Energy jumped as much as 0.70% to US$18.73. Are you interested in the non-public stock trading behaviors of Chesapeake Energy Corporation insiders? Investors can get the information you need by clicking the following link.
Sirius XM Radio Inc. (NASDAQ:SIRI): Pennystocksinsiders.com found Sirius XM Radio Inc. (NASDAQ:SIRI) CEO Mel Karmazin exercised his market option on June 15 for 3.5 million shares valued at US$0.43 each, then sold those shares at US$1.85 each, for a profit of US$1.96 million. On June 18, Mr. Karmazin purchased US$4.1 million shares for US$0.43 each, and then turned those shares around for a profit of US$5.74 million. As Sirius XM Radio Inc. insiders have better access to company non-public information, professional investors may want to know how company insiders are thinking about the future of the company. Check this insider trade report for SIRI 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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