VANCOUVER, British Columbia, June 6, 2012 /PRNewswire-Asia/ -- Pennystocksinsiders.com (PSI) has issued insider trading reports and Equity Research for the following companies: Morgan Stanley (NYSE:MS), Lowe's (NYSE:LOW), Seagate (NASDAQ:STX), Fifth Third Bancorp (NASDAQ:FITB), ON Semiconductor (NASDAQ:ONNN), and Best Buy (NYSE:BBY).
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Morgan Stanley (NYSE:MS): Morgan Stanley surged 4.05% to US$12.86 with more than 25.24 million shares traded hands, compared to its average volume of 24.46 million shares. The company announced that James P. Gorman, Chairman and Chief Executive Officer, will attend the Third Annual Morgan Stanley U.S. Financials Conference in New York on Tuesday, June 12 at 12:45 p.m. Are insiders starting to take huge profits by buying 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?
Read Full Report: http://www.Pennystocksinsiders.com/PR/060612B/MS/MorganStanley.pdf
Lowe's Companies, Inc. (NYSE:LOW): Lowe's was down 0.86% to US$26.43 on over 15.11 million shares, compared to its average volume of 17.09 million shares. Last week, the company declared a dividend of 16 cents, up over 14% from the last dividend. Dividends are payable on Aug. 8 to shareholders of record as of July 25. The company reported first-quarter net income of US$527 million, or 43 cents a share, up from a year ago profit of US$461 million, or 34 cents a share. Quarterly revenue grew 8% year over year to US$12.19 billion. Same-store sales grew 2.60% and comparable sales in U.S. surged 2.70%. For the fiscal year 2012, the company projects to earn US$1.73 to US$1.83 a share on revenue of US$50.69 billion to US$51.2 billion, from earlier earnings guidance of US$1.75 to US$1.85 a share. Do you want to spend less time on picking stocks and raise your return at the same time? Academic studies have shown that insiders traditionally make higher investment returns than ordinary investors. Want to trace the activities of company insiders from now on?
Read Full Report: http://www.Pennystocksinsiders.com/PR/060612B/LOW/Lowes.pdf
Seagate Technology PLC (NASDAQ:STX): Seagate jumped 2.08% to US$22.60 with more than 11.37 million shares, compared to its average volume of 14.28 million shares. Recently, Seagate Technology reached an agreement to buy a majority stake in LaCie SA and valued the entire deal at US$186 million. The company has agreed to buy all the shares held by LaCie's chairman and chief executive officer, and his affiliate for a 64.50% stake in LaCie. In exchange, every shareholder will get 4.05 euros or US$5.12 in cash. Recently, the company announced that its board has approved to buyback further US$2.5 billion of its common stock. After the approval, the total buyback plan has now been increased to US$3.50 billion. The company had reported solid fiscal third-quarter results boosted by strong sales. The company said that net income during the quarter soared to US$1.14 billion, or US$2.48 a share, from a year ago profit of US$93 million, or 21 cents a share. Revenue during the quarter grew to US$4.45 billion, from US$2.70 billion in the same quarter of the past year. Analysts were projecting revenue of US$4.37 billion for the quarter. The company shipped 61 million units during the quarter, an increase of 29% from the previous quarter. Gross margin also improved to 37%. Total generated cash during the latest period came in at US$938 million, while the company expended US$1.1 billion to repurchase stock and retire debt. Do you want to spend less time on picking stocks and raise your return at the same time? Academic studies have shown that insiders traditionally make higher investment returns than ordinary investors. Want to trace the activities of company insiders from now on?
Read Full Report: http://www.Pennystocksinsiders.com/PR/060612B/STX/Seagate.pdf
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.
Fifth Third Bancorp (NASDAQ:FITB):
Read Full Report: http://www.Pennystocksinsiders.com/PR/060612B/FITB/FifthThirdBancorp.pdf
ON Semiconductor Corp. (NASDAQ:ONNN):
Read Full Report: http://www.Pennystocksinsiders.com/PR/060612B/ONNN/ONSemiconductor.pdf
Best Buy Co., Inc. (NYSE:BBY):
Read Full Report: http://www.Pennystocksinsiders.com/PR/060612B/BBY/BestBuy.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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