VANCOUVER, British Columbia, Aug. 31, 2012 /PRNewswire-Asia/ -- Pennystocksinsiders.com (PSI) has issued insider trading reports and Equity Research for the following companies: Pandora Media (NYSE:P), TiVo (NASDAQ:TIVO), Corning (NYSE:GLW), Finisar (NASDAQ:FNSR), Flagstone Reinsurance (NYSE:FSR), and United Technologies (NYSE:UTX).
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Pandora Media Inc. (NYSE:P): Internet radio company Pandora Media Inc. (NYSE:P) heard bells ringing on August 29 when it reported results that beat Wall Street expectations, driven by higher advertising revenues and a larger audience. The company's fiscal second-quarter revenue surged 51% to US$101.3 million, topping analysts' expectations of a high of US$100.94 million. Pandora CEO, Joe Kennedy said, "The move into the mobile scene led to scores more listeners, which in turn helped ad revenue rise accordingly." The alone radio station also improved its market share last quarter, with listening hours rising 80% compared with the same period last year, helping it compete with major rivals Clear Channel, Sirius XM Radio and Spotify. Shares of Pandora Media advanced 14.29% to US$11.52 in the last trading session. There were 40.62 million stock shares traded, which was 14.6 times more than average volume. In the past 52 weeks, the stock has traded within a range of US$7.83 - US$15.98. Academic studies have shown that company insiders traditionally make higher investment returns than ordinary investors. Do you want to know when company insiders will purchase their shares?
TiVo Inc. (NASDAQ:TIVO): on Thursday,TiVo Inc. (NASDAQ:TIVO) announced its financial results for the second quarter ended July 31, 2012. TiVo showed net revenues of US$65.26 million for the second quarter, an increase of 7% year-over-year. Net loss was US$27.74 million (or US$0.23 per diluted share) for the latest quarter, compared with net loss of US$19.55 million (or US$17 per diluted share) in the same quarter last year. Following the announcement, shares of TiVo ended down US$0.32 (or -3.42%) at US$9.04 with heavy volume, which was 5.3 times more than usual. Did TiVo insiders like CEOs, CFOs, and Directors sell their shareholdings before the stock price dropped? Since insiders have better access to company non-public information, Pennystocksinsiders.com suggests investors to pay close attention to their stock trading behaviors. Check this insider trade report for TIVO here.
Corning Incorporated (NYSE:GLW): At the close of the trading day, Corning Incorporated (NYSE:GLW) shares dipped as much as 1.19% to close at US$11.62. There were 8.66 million shares of Corning exchanging hands as compared to its average daily volume of 12.87 million shares. Corning's low point in its 52-week range is US$10.62 per share, with US$15.75 as the 52-week high point. Its price, as of the latest close, was up 9.4% compared with the 52-week low and was 35.5% below the 52-week high. Pennystocksinsiders.com refers insider trading data to professional investors as it believes that Corning insiders like Executive Officers and Directors have a better understanding about the company's prospects. Do you want to know when Corning insiders will buy their shares?
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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