VANCOUVER, British Columbia, April 23, 2012 /PRNewswire-Asia/ -- Insiderslab.com has issued insider trading reports and Equity Research for the following companies: SanDisk (NASDAQ:SNDK), Micron (NASDAQ:MU), Altera (NASDAQ:ALTR), Chesapeake Energy (NYSE:CHK), Tempur-Pedic (NYSE:TPX), and Pfizer (NYSE:PFE).
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SanDisk Corporation (NASDAQ:SNDK): SanDisk Corporation (NASDAQ:SNDK) recently announced that its revenue for first quarter 2012 was approximately US$1.21 billion, decreased 7% from a year ago. The company's net income for first quarter 2012, on a GAAP basis, was US$114 million, compared to a net income of US$224 million in the same quarter of 2011. By market close, SanDisk Corporation slipped 11.27% to US$35.91. There were 32.22 million stock shares traded, which was 5.5 times more than average volume. Academic studies have shown that insiders traditionally make higher investment returns than ordinary investors. Want to find out how they do it?
Micron Technology, Inc. (NASDAQ:MU): Micron Technology, Inc. (NASDAQ:MU) dropped US$0.37 per share (equivalent to 5.21%), where stock prices fell to US$6.64. Micron traded 50.17 million shares in the last trading session, well above its daily average of 35.36 million shares. In the past 52 weeks, Micron Technology, Inc. share prices have been bracketed by a low of US$3.97 and a high of US$11.83, and are now at US$6.64, 67% above that low price. Do you want to know when company insiders will buy their shares? Want to add and monitor this company on an on-going basis? It can be done for free by registering below.
Altera Corporation (NASDAQ:ALTR): Altera Corporation (NASDAQ:ALTR) reported that its sales for first quarter 2012 was US$383.8 million, declined 16% from the same quarter of 2011. Net income for first quarter 2012 was US$115.8 million, or US$0.35 per diluted share, compared to US$146.6 million, or US$0.45 per diluted share, in the prior year quarter. Furthermore, the company has recently appointed Bradley Howe as company Senior Vice President, Research and Development. Altera Corporation last session volume of 16.96 million shares was surprisingly higher than its average volume of 3.75 million shares. The stock tumbled 8.44% to US$35.25. Are insiders starting to take huge profits by selling shares or exercising stock options? Add ALTR into your watch list for insider trade now.
Today Insiderslab.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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