VANCOUVER, British Columbia, Aug. 16, 2012 /PRNewswire-Asia/ -- Pennystocksinsiders.com (PSI) has issued insider trading reports and Equity Research for the following companies: Deere & Company (NYSE:DE), Procter & Gamble (NYSE:PG), Weatherford (NYSE:WFT), Vale SA (NYSE:VALE), Altria Group (NYSE:MO), and American Capital Agency (NASDAQ:AGNC).
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Deere & Company (NYSE:DE): Deere & Company (NYSE:DE) slashed its full-year profit to US$3.1 billion for the year ending October 31, compared with its May forecast of US$3.35 billion. The lower estimate comes after the company experiencing waning demand in Argentina and India, both of which the company once believed would soon boom and lead to much higher sales. CEO Sam Allen said he hopes to bring in revenue of US$50 billion from developing nations by 2018, a time when Deere said it expects to receive half of all its sales from overseas buyers. In the months leading up to Deere & Company's announcement that it had cut its full-year profit forecast, company officials sold US$3.19 million through insider trades. By market close, the stock dropped US$5.03 (-6.28%) to US$75.10 on hefty volume of 18.93 million shares, above its average volume of 3.89 million shares. Did Deere & Company insiders sell their shareholdings before the stock price slumped? Academic studies have shown that insiders traditionally make higher investment returns than ordinary investors. Want to find out how they do it?
The Procter & Gamble Company (NYSE:PG): Pennystocksinsiders.com found two insiders trading: company Chairman of the Board, President, Chief Executive Officer, Robert A. McDonald, sold 99,245 shares on August 14 at stock price US$66.60 for about US$6.61 million. Disclose date: August 15. Pennystocksinsiders.com also found Market Sale made by company Chief Technology Officer -- Bruce Brown on August 10, at stock price US$66.77. Disclose date: August 13. The Procter & Gamble Company (NYSE:PG) shares ended lower by US$0.09 (or -0.13%) to US$66.64 with more than 9.87 million shares exchanged hands for the session, compared to its average volume of 13.77 million shares. Share prices of Procter & Gamble have traded as high as US$67.95 per share and as low as US$59.07 in the past 52 weeks. As Procter & Gamble 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 PG here.
Weatherford International Ltd (NYSE:WFT): In the last trading session, shares of Weatherford International Ltd (NYSE:WFT) dipped as much as US$0.31 (equivalent to 2.49%) to US$12.15. There were 9.21 million shares of Weatherford exchanging hands as compared to its usual volume of 11.46 million shares. In the past 52 weeks, Weatherford share prices have been bracketed by a low of US$10.85 and a high of US$18.33, and are now at US$12.15 (12.0% above that low price). Weatherford has a market capitalization of US$9.23 billion. Do you think the stock will rebound or continue to drop? Do you think now is a good time to sell the stock? Observing comprehensive analysis of Weatherford could help investors avoid big lost in investment.
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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