VANCOUVER, British Columbia, Aug. 24, 2012 /PRNewswire-Asia/ -- Insiderslab.com has issued insider trading reports and Equity Research for the following companies: Big Lots (NYSE:BIG), Safeway (NYSE:SWY), Kinross Gold (NYSE:KGC), Goldcorp (NYSE:GG), Philip Morris International (NYSE:PM), and Corning (NYSE:GLW).
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Big Lots, Inc. (NYSE:BIG): Big Lots, Inc. (NYSE:BIG) reported on August 23, 2012, that its profits fell 38% in the second quarter of 2012, which sent the company's shares down as much as 20.80% in the last trading session. Abnormal trading volume of Big Lots was found reaching 16.06 million shares, 17 times heavier than usual day trading. The company, which is crucial for helping manufacturers empty their warehouses of overstocked items, said many top-level shifts were also going on as it looks to improve its operations. "When I look more broadly across the spring season and the inconsistencies in our business, the common theme I see is change," Big Lots President and CEO Steve Fishman told analysts. "Our business needs to be constantly evolving. When we're not changing in merchandise and driving it all the way to the store and ultimately the customer, we fall behind." According to insider trading reports, company insiders sold a total of US$894,770 worth of shares in the last three months. Big Lots insiders like Executive Officers and Directors have a better understanding about the company's prospects. Interested in the non-public stock trading behaviors of Big Lots insiders? Check this insider trade report for BIG here.
Safeway Inc. (NYSE:SWY): The Board of Directors of Safeway Inc. (NYSE:SWY) approved a regular quarterly cash dividend of US$0.175 per share, payable on October 11, 2012 to stockholders of record on September 20, 2012. At the close of the trading day, Safeway shares dropped 4.13% to US$15.31 with significant volume traded. The stock traded 12.25 million shares in the last trading session, well above its daily average of 7.71 million shares. Share prices of Safeway have traded as high as US$23.16 per share and as low as US$14.73 in the past one year. Its price, as of the latest close, was up 3.9% compared with the 52-week low and was 51.3% below the 52-week high. Did Safeway insiders sell their shareholdings before the stock price lowered? Observing comprehensive analysis of Safeway could help investors avoid big lost in investment. See insider trade report for SWY here.
Kinross Gold Corporation (USA) (NYSE:KGC): Earlier this month, J. Paul Rollinson, Chief Executive Officer of Kinross Gold Corporation (USA) (NYSE:KGC), announced that Brant Hinze, formerly company Executive Vice-President and Chief Operating Officer, has been named as President and Chief Operating Officer. Shares of Kinross Gold gapped open sharply higher in the last trading session and closed higher by US$0.07 (or 0.80%) to US$8.84. The stock has a 52-week range of US$7.11 - US$18.25. There were 12.21 million shares of Kinross Gold exchanging hands as compared to its average daily volume of 8.95 million shares. Can Kinross Gold soar higher? Do you think now is a good time to sell the stock? Investors could get an idea by checking this insider trade report for KGC here.
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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