VANCOUVER, British Columbia, Aug. 9, 2012 /PRNewswire-Asia/ -- Pennystocksinsiders.com (PSI) has issued insider trading reports and Equity Research for the following companies: MEMC Electronic Materials (NYSE:WFR), Warner Chilcott (NASDAQ:WCRX), Exxon Mobil (NYSE:XOM), VeriFone (NYSE:PAY), J.C. Penney (NYSE:JCP), and Corning (NYSE:GLW).
(Read full report by clicking the link below, you may need to copy and paste the full link to your browser.)
MEMC Electronic Materials, Inc. (NYSE:WFR): Shares of MEMC Electronic Materials, Inc. (NYSE:WFR) soared 10.68% on Wednesday to US$2.28 upon the news that the company posted its second quarter 2012 financial results. The company showed GAAP revenue of US$808.4 million for the second quarter, up 8% from US$745.6 million in the second quarter of 2011. For the same quarter, GAAP net loss was US$61.3 million, or US$0.27 per share, compared with a net income of US$47.3 million, or US$0.21 per share, in the prior-year quarter. Abnormal trading volume of MEMC Electronic Materials was found on August 8 reaching 31.46 million shares, 7.4 times heavier than usual day trading. Because MEMC Electronic Materials insiders have better access to company non-public information, Pennystocksinsiders.com thinks that investors would be wise to pay close attention to their stock trading behaviors. See this insider trade report for WFR here.
Warner Chilcott Plc (NASDAQ:WCRX): Warner Chilcott Plc. (NASDAQ:WCRX), which makes drugs specially designed for women's health and dermatology, announced on Wednesday, August 8, that it had ended its efforts to sell the company, which caused its shares to fall nearly 7 percent. The drugmaker plans to revamp a US$250 million share buyback program, and will pay a cash dividend of US$4. Warner Chilcott said it plans to fund the dividend with existing cash and another US$600 million in new debt. In April, the drugmaker first said it was potentially looking to sell itself, and it reportedly had a number of strategic and private equity buyers lined up. This, however, did not pan out, much to the disliking of investors. Moreover, before announcing the end of the sales effort, Pennystocksinsiders.com found US$6,380 in shares were sold through insider trades in the last three months. Academic studies have shown that company insiders traditionally make higher investment returns than ordinary investors. Want to trace the activities of Warner Chilcott insiders from now on?
Read Full Report: http://www.Pennystocksinsiders.com/PR/080912A/WCRX/WarnerChilcott.pdf
Exxon Mobil Corporation (NYSE:XOM): In the last trading session, Exxon Mobil Corporation (NYSE:XOM) shares advanced 0.41% to US$88.28 and made a new 52-week high of US$88.50. Exxon Mobil's low point in its 52-week range is US$67.03 per share, with US$88.50 as the 52-week high point. Its price, as of the latest close, was up 31.7% compared with the 52-week low and was 0.2% below the 52-week high. There were 12.86 million shares of Exxon Mobil exchanging hands as compared to its average daily volume of 15.38 million shares. Do you think now is a good time to buy or sell the stock? Do you want to know when Exxon Mobil insiders will purchase their shares? See insider trade report for XOM here.
Read Full Report: http://www.Pennystocksinsiders.com/PR/080912A/XOM/ExxonMobil.pdf
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.
VeriFone Systems Inc. (NYSE:PAY):
Read Full Report: http://www.Pennystocksinsiders.com/PR/080912A/PAY/VeriFone.pdf
J.C. Penney Company, Inc. (NYSE:JCP):
Read Full Report: http://www.Pennystocksinsiders.com/PR/080912A/JCP/JCPenney.pdf
Corning Incorporated (NYSE:GLW):
Read Full Report: http://www.Pennystocksinsiders.com/PR/080912A/GLW/Corning.pdf
Insider Filing Source Reference: All observations, analysis and reports are based on public information released by the U.S. Securities and Exchange Commission.
Pennystocksinsiders.com features a team of experienced data analysts striving to provide the investment community with the tools, software, and data necessary to carry out more effective investment research.
Please visit Pennystocksinsiders.com/disclaimers/index.php for details.