VANCOUVER, British Columbia, Aug. 31, 2012 /PRNewswire-Asia/ -- Insiderslab.com has issued insider trading reports and Equity Research for the following companies: Facebook (NASDAQ:FB), Advanced Micro Devices (NYSE:AMD), Sears (NASDAQ:SHLD), Walt Disney (NYSE:DIS), Rio Tinto (NYSE:RIO), and EnCana (NYSE:ECA).
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Facebook Inc. (NASDAQ:FB): Insiderslab.com found Facebook Inc. (NASDAQ:FB) co-founder and 10% Owner -- Moskovitz Dustin A. has been on a stock selling tear since August 17. In August alone, Moskovitz sold 1,350,000 shares valued between US$19.19 and US$19.51, according to insider trading reports. In total, Moskovitz cashed out for about 26.23 million last month. In the last three months, Facebook officials have totally sold US$422.03 million in shares, while others have purchased US$1.01 million worth. Moreover, Facebook received the approval of the California Department of Corporations to issue stock to complete its merger transaction with Instagram Inc., a mobile photo application maker. Instagram accepted the offer of Facebook to acquire the company in a cash and stock deal for US$1 billion at the time when Facebook stock price was US$31 per share. In the last trading session, Facebook closed at US$19.09, nearly a 39% drop from the valuation of the social media giant at the time of the Instragram agreement. Share prices of Facebook have traded as high as US$45.00 per share and as low as US$18.75 in the past 52 weeks. The company has a market capitalization of US$40.89 billion. Can FB rebound? Investors may want to find out how Facebook insiders are thinking about the future of the company. Check this insider trade report for FB here.
Advanced Micro Devices, Inc. (NYSE:AMD): Insiderslab.com found Market Sale made by company Independent Director -- Craig A. Conway on August 27, at stock price US$3.87. Disclose date: August 28. Additionally, company Senior Vice President, General Counsel, Corporate Secretary, Harry A. Wolin, sold 12,529 shares on August 28, at US$3.79 for about US$47,500. At the beginning of this month, Advanced Micro Devices, Inc. (NYSE:AMD) promoted John Byrne, company general manger of Global Accounts, to be the Senior Vice President and Chief Sales Officer. Moreover, the company announced on Wednesday that Jack Harding has been named to the company's Board of Directors. Advanced Micro Devices shares dropped 1.86% to US$3.70 in the session on over 12.16 million shares, below its 30-day average volume of 17.83 million shares. The stock made a new 52-week low of US$3.70 in the session. Insiderslab.com refers insider trading data to professional investors as it believes that Advanced Micro Devices insiders have a better understanding about the company's prospects. Do you want to know when Advanced Micro Devices insiders will buy their shares?
Sears Holdings Corporation (NASDAQ:SHLD): Insiderslab.com found company Chief Financial Officer, Executive Vice President, Robert A. Schriesheim, sold 15,713 shares on August 23, at stock price US$54.69 for about US$859,340. Disclose date: August 24. Sears Holdings Corporation (NASDAQ:SHLD) announced on Wednesday that it will be replaced on the S&P 500 by LyondellBasell Industries NV (NYSE:LYB) on Tuesday, September 4 due to its share float being below the 50% threshold required by the S&P500 rules. Moreover, Sears said spinoff of Hometown, Outlet stores to shareholders will take place September 7 at US$15 per share. The new company, Sears Hometown and Outlet Stores Inc., will be traded on the NASDAQ under the ticker symbol SHOS while Sears Holdings Corporation will continue to be listed as SHLD. At the close of the trading day, Sears plunged US$4.55 per share (- 7.92%), where stock prices fell to US$52.90. Abnormal trading volume of Sears was found reaching 3.05 million shares, 4.5 times heavier than usual day trading. Do you think now is a good time to buy or sell the stock? Do you want to know when Sears insiders will purchase their shares? See insider trade report for SHLD below.
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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