VANCOUVER, British Columbia, June 7, 2012 /PRNewswire-Asia/ -- Pennystocksinsiders.com (PSI) has issued insider trading reports and Equity Research for the following companies: Select Comfort (NASDAQ:SCSS), MGM Resorts (NYSE:MGM), Kodiak (NYSE:KOG), Frontier (NASDAQ:FTR), Anadarko (NYSE:APC), and Occidental (NYSE:OXY).
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Select Comfort Corp. (NASDAQ:SCSS): Select Comfort slumped 20.52% to US$20.61 on over 12.18 million shares, well above its average volume of 1.78 million shares. The company's share price plunged after its rival Tempur-Pedic International Inc. (NYSE:TPX) slashed its earnings forecast for the current quarter. The company now projects to earn US$2.70 a share on revenue of US$1.43 billion. Lately, Select Comfort posted fourth quarter net income of US$22.4 million, or 39 cents per share, from a year ago profit of US$16.6 million or 30 cents a share. On an adjusted basis, the company would have earned 45 cents a share. Total sales during the quarter grew 34% year over year to US$262.4 million. Gross margin narrowed to 62.60% from 63.80% in the same quarter of the past year. Total sales and marketing costs jumped to US$106.2 million and media costs surged 48% to US$35 million. The company recently appointed Michael Bills as the Chief Marketing Officer. Shares of the company are down by over 5% so far this year and up by over 38% over the past one year. Over the past 52 weeks, the stock has been moving within a range of US$11.89 and US$35.60. Pennystocksinsiders.com thinks that it is a clever way to check if insiders like CEOs, CFOs, and Directors in SCSS are starting to buy more company shares. See insider trade report for SCSS here.
Read Full Report: http://www.Pennystocksinsiders.com/PR/060712A/PFE/SelectComfort.pdf
MGM Resorts International (NYSE:MGM): MGM Resorts surged 2.75% to US$11.22 with more than 17.53 million shares, compared to its average volume of 11.74 million shares. The company posted first quarter net loss of US$217.3 million, or 44 cents a share, up from a year ago loss of US$89.9 million, or 18 cents a share. Revenue grew 51% year over year to US$2.29 billion. Revenue from rooms at MGM resorts surged 3% across all the company. Room rates gained 4% at those resorts on the Las Vegas strip. Casino revenue increased 9%. Revenue from MGM China surged 18% to US$702 million. Shares of the company are up by over 7% so far this year and down by over 19% over the past one year. Over the past 52 weeks, the stock has been moving within a range of US$7.40 to US$16.05. Are 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. Want to find out how they do it?
Read Full Report: http://www.Pennystocksinsiders.com/PR/060712A/MGM/MGMResorts.pdf
Kodiak Oil & Gas Corp. (NYSE:KOG): Kodiak Oil & Gas was up 6.31% to US$7.75 on over 13.68 million shares, compared to its average volume of 7.69 million shares. According to the company's recent operation updates, it has completed three high-working-interest wells in the Bakken, with initial production rates between 2,709 to 3,117 barrels of oil equivalent for each well. Do you want to spend less time on picking stocks and raise your return at the same time? Academic studies have shown that insiders traditionally make higher investment returns than ordinary investors. Want to trace the activities of company insiders from now on?
Read Full Report: http://www.Pennystocksinsiders.com/PR/060712A/KOG/Kodiak.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.
Frontier Communications Corp (NASDAQ:FTR):
Read Full Report: http://www.Pennystocksinsiders.com/PR/060712A/FTR/FrontierCommunications.pdf
Anadarko Petroleum Corporation (NYSE:APC):
Read Full Report: http://www.Pennystocksinsiders.com/PR/060712A/APC/AnadarkoPetroleum.pdf
Occidental Petroleum Corporation (NYSE:OXY):
Read Full Report: http://www.Pennystocksinsiders.com/PR/060712A/OXY/OccidentalPetroleum.pdf
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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