VANCOUVER, British Columbia, July 31, 2012 /PRNewswire-Asia/ -- Insiderslab.com has issued insider trading reports and Equity Research for the following companies: Shaw Group (NYSE:SHAW), Bank of America (NYSE:BAC), Micron (NASDAQ:MU), Halliburton (NYSE:HAL), Citrix Systems (NASDAQ:CTXS), and Alcoa (NYSE:AA).
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Report Highlights:
The Shaw Group Inc. (NYSE:SHAW): By the end of Monday's trading, shares of The Shaw Group Inc. (NYSE:SHAW) soared US$14.80 (or 55.45%) to US$41.49 and made a new 52-week high of US$43.70. The rise of Shaw Group shares is on news that the company has signed a definitive merger agreement with Chicago Bridge & Iron Company N.V. (CB&I). Under the terms of the agreement, Shaw Group will be acquired by CB&I for approximately US$3 billion. The deal is expected to close during the first calendar quarter of 2013. After the combination of CB&I and Shaw, Shaw will be operated as a business sector under the brand name CB&I Shaw. Abnormal trading volume of Shaw Group was found on July 30 reaching 38.30 million shares, 43 times heavier than usual day trading. Are Shaw Group insiders starting to take huge profits by selling shares or exercising stock options? Academic studies have shown that insiders traditionally make higher investment returns than ordinary investors.
Read Full Report: http://www.insiderslab.com/PR3/073112A/SHAW/ShawGroup.pdf
Bank of America Corporation (NYSE:BAC): On July 24, Bank of America Corporation (NYSE:BAC) announced that the company employed more than 30 small business bankers across the greater Chicago area, which is a part of its previously announced plan to employ 1,000 small business bankers nationwide. In the last trading session, Bank of America shares ended lower by US$0.03 (or -0.41%) to US$7.28 with more than 74.57 million shares exchanged hands, compared to its average volume of 154.10 million shares. In the past 52 weeks, Bank of America share prices have been bracketed by a low of US$4.92 and a high of US$10.10, and are now at US$7.28 (48% above that low price). Did Bank of America insiders sell their shareholdings before the stock price dropped? Since insiders have better access to company non-public information, Insiderslab.com suggests investors to pay close attention to their stock trading behaviors. Check this insider trade report for BAC here.
Read Full Report: http://www.insiderslab.com/PR3/073112A/BAC/BankofAmerica.pdf
Micron Technology, Inc. (NASDAQ:MU): In the last trading session, shares of Micron Technology, Inc. (NASDAQ:MU) dipped US$0.16 per share (equivalent to 2.63%), where stock prices fell to US$6.11. There were 27.53 million shares of Micron exchanging hands as compared to its average daily volume of 30.12 million shares. Micron Technology, Inc. is a global manufacturer and marketer of semiconductor devices with a market capitalization of US$6.22 billion. Earlier this month, Micron said it will acquire failed Japanese chipmaker Elpida Memory Inc. in exchange of US$750 million in cash. Through this transaction, Micro will become the second largest market leader behind Samsung Electronics in the global market for DRAM memory chips. Do you want to spend less time on picking stocks? Want to trace the activities of Micron insiders from now on?
Read Full Report: http://www.insiderslab.com/PR3/073112A/MU/Micron.pdf
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.
Halliburton Company (NYSE:HAL):
Read Full Report: http://www.insiderslab.com/PR3/073112A/HAL/Halliburton.pdf
Citrix Systems, Inc. (NASDAQ:CTXS):
Read Full Report: http://www.insiderslab.com/PR3/073112A/CTXS/CitrixSystems.pdf
Alcoa Inc. (NYSE:AA):
Read Full Report: http://www.insiderslab.com/PR3/073112A/AA/Alcoa.pdf
Insider Filing Source Reference: All observations, analysis and reports are based on public information released by the U.S. Securities and Exchange Commission.
About Insiderslab.com:
Insiderslab.com covers insider trade data in major stock markets in the U.S., Hong Kong, Mainland China, and Singapore. Insiderslab.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.
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SOURCE Insiderslab.com; Insiders.hk
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