VANCOUVER, British Columbia, Aug. 17, 2012 /PRNewswire-Asia/ -- Pennystocksinsiders.com (PSI) has issued insider trading reports and Equity Research for the following companies: SINA (NASDAQ:SINA), General Motors (NYSE:GM), Nu Skin (NYSE:NUS), Activision Blizzard (NASDAQ:ATVI), MetroPCS (NYSE:PCS), and Johnson Controls (NYSE:JCI).
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SINA Corporation (NASDAQ:SINA): At the close of the trading day, shares of SINA Corporation (NASDAQ:SINA) trades have gone up 10.39% to US$56.19 with heavy volume traded, which was 5.5 times more than usual. This is after the company posted its unaudited financial results for second quarter 2012. Net revenues for the second quarter rose 10.6% to US$131.6 million from US$119.0 million in the same quarter of 2011. For the latest quarter, Net income attributable to SINA was US$33.2 million compared with US$10.0 million in the prior-year quarter, an increase of 232%. Diluted net income per share attributable to SINA for the quarter was increased by 227% to US$0.49 from US$0.15 a year earlier. SINA is an online media company serving China and the global Chinese communities. Do you think SINA will continue to soar? Observing comprehensive analysis of SINA could help investors avoid big lost in investment. Check insider trade report for SINA here.
General Motors Company (NYSE:GM): Pennystocksinsiders.com found Market Purchase made by company Chairman of the Board, Chief Executive Officer -- Daniel F. Akerson on August 8, at stock price US$20.35. Disclose date: August 9. General Motors Company (NYSE:GM) said in an e-mailed statement on Thursday that the company's German unit Opel is negotiating with workers at its main Ruesselsheim plant to shorten their working hours due to softer demand for cars in Europe. General Motors lost US$747 million on its European operations last year as a weak economy hit car sales in the region, forcing carmakers to confront high fixed costs and excess production capacity that GM has said equates to 10 plants. In the last trading session, General Motors shares began the trading session with a price of US$20.12 and throughout the session climbed to a high of US$21.46. By market close, the stock finally rose 5.91% to US$21.33. The U.S. automaker has a market capitalization of US$33.40 billion with price range within US$18.72 - US$27.68 over the past 52 weeks. Do you think now is a good time to buy or sell General Motors? Do you want to know when company insiders will purchase their shares? See insider trade report for General Motors here.
Nu Skin Enterprises, Inc. (NYSE:NUS): Abnormal trading volume of Nu Skin Enterprises, Inc. (NYSE:NUS) was found reaching 6.92 million shares, 4 times heavier than usual day trading. Shares of Nu Skin fell US$1.68 per share (equivalent to 3.95%), where stock prices dropped to US$40.82. Nu Skin's low point in its 52-week range is US$35.44 per share, with US$62.01 as the 52-week high point. Pennystocksinsiders.com thinks that it is a clever way to check if CEOs, CFOs, and Directors in Nu Skin are starting to buy more company shares. Academic studies have shown that insiders traditionally make higher investment returns than ordinary investors. See insider trade report for Nu Skin here.
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.
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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