VANCOUVER, British Columbia, April 23, 2012 /PRNewswire-Asia/ -- Pennystocksinsiders.com (PSI) has issued insider trading reports and Equity Research for the following companies: Progressive (NYSE:PGR), Hewlett-Packard (NYSE:HPQ), E*TRADE (NASDAQ:ETFC), Kodiak Oil & Gas (NYSE:KOG), Expeditors International of Washington (NASDAQ:EXPD), and Barrick Gold (NYSE:ABX).
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The Progressive Corporation (NYSE:PGR): The Progressive Corporation (NYSE:PGR) last Friday held its annual meeting of shareholders. At the meeting, Roger Farah, Stephen Hardis and Bradley Sheares were elected as Directors for a three-year term, and Heidi Miller for a two-year term. In the last trading session, The Progressive Corporation plunged 4.51% to US$21.37. There were 23.90 million stock shares traded, which was 5.4 times more than average volume. The stock has been moving within a range of US$16.88 - US$23.41 over the past 52-week. Pennystocksinsiders.com thinks that it is a clever way to check if insiders like CEOs, CFOs, and Directors in PGR are starting to buy more company shares. See insider trade report for PGR here.
Hewlett-Packard Company (NYSE:HPQ): Hewlett-Packard Company (NYSE:HPQ) last Friday announced that the Defense Information Systems Agency (DISA) has selected HP Enterprise Services as the prime contractor for a program to enable the assessment of U.S. Department of Defense (DoD) enterprise networks and connected IT systems against DoD standards, as well as any known system vulnerabilities, which is exchange of approximately US$39.8 million through seven years, awarded under DISA's Encore II contract vehicle. Additionally, Hewlett-Packard Company decided to establish a printer factory in the southwestern Chinese city of Chongqing, citing China Daily. Hewlett-Packard lowered US$0.20 per share (equivalent to 0.81%), where stock prices fell to US$24.51. Want to trace the activities of company insiders from now on? Check out the insider trading here.
E*TRADE Financial Corporation (NASDAQ:ETFC): E*TRADE Financial Corporation (NASDAQ:ETFC) reported a first quarter 2012 net income of US$63 million, compared to a net income of US$45 million in the year-ago period. The Company had total net revenue of US$489 million for the first quarter, compared with US$537 million in the same period of 2011. E*TRADE shares ended higher by 6.08% to US$10.48 on over 17.65 million shares, above its 30-day average volume of 5.33 million shares. Academic studies have shown that insiders traditionally make higher investment returns than ordinary investors. Want to find out how they do it?
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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