VANCOUVER, British Columbia, April 20, 2012 /PRNewswire-Asia/ -- Insiderslab.com has issued insider trading reports and Equity Research for the following companies: Fifth Third Bancorp (NASDAQ:FITB), Cypress Semiconductor (NASDAQ:CY), First Horizon (NYSE:FHN), Johnson & Johnson (NYSE:JNJ), Stanley Black & Decker (NYSE:SWK), and McDonald (NYSE:MCD).
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Fifth Third Bancorp (NASDAQ:FITB): Fifth Third Bancorp (NASDAQ:FITB) reported on Thursday that its net income for first quarter 2012 was increased by US$165 million to US$430 million from US$265 million a year ago. The company's first quarter 2012 net income to common shareholders was about US$421 million, compared to US$88 million in the same period of 2011. By market close, Fifth Third Bancorp tumbled 3.07% to US$13.73. The stock traded 22.67 million shares, well above its daily average of 13.43 million shares. Are insiders starting to take huge profits by selling shares or exercising stock options? Add FITB into your watch list for insider trade now.
Cypress Semiconductor Corporation (NASDAQ:CY): Cypress Semiconductor Corporation (NASDAQ:CY) said that Norm Taffe, EVP of the Consumer and Computation Division, is leaving the company this summer for a start-up business opportunity outside of the electronics industry. The company named Chief Technical Officer Cathal Phelan as his successor. Cypress Semiconductor Corporation announced a 2012 first-quarter net loss of about US$12.36 million, compared to a net income of about US$55.37 million in the prior-year quarter. On a non-GAAP basis, there was a net income of about US$20.53 million, decreased US$27.95 million from a year earlier. Revenues were decreased by 21% to US$185.09 million from US$233.11 million a year ago. By the end of Thursday's trading, Cypress Semiconductor Corporation soared 11.85% higher, moving up US$1.69 to US$15.99 per share. There were 13.43 million stock shares traded, which was 4.7 times more than average volume. 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.
First Horizon National Corporation (NYSE:FHN): First Horizon National Corporation (NYSE:FHN) said on Thursday that it is increasing its stock buyback program to US$200 million and extending through January 2013 the timeframe to repurchase its common stock in the open market or in privately negotiated transactions, which depends on market conditions. The company also declared a quarterly dividend of US$0.01 per share payable on July 1, 2012. First Horizon plunged 7.83% to US$9.18 with heavy volume, which was 3.5 times more than usual. Want to trace the activities of company insiders from now on? Check out the insider trading 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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