VANCOUVER, British Columbia, April 23, 2012 /PRNewswire-Asia/ -- Insiderslab.com has issued insider trading reports and Equity Research for the following companies: Bank of America (NYSE:BAC), Apple (NASDAQ:AAPL), Riverbed Technology (NASDAQ:RVBD), Ford (NYSE:F), Freeport-McMoRan (NYSE:FCX), and Intuit (NASDAQ:INTU).
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Bank of America Corp (NYSE:BAC): Bank of America Corp (NYSE:BAC) recently announced a first quarter 2012 net income of about US$653 million, compared to US$2.0 billion in the prior-year quarter. Revenue, net of interest expense, on a fully taxable-equivalent (FTE) basis was about US$22.5 billion for the first quarter of 2012, compared to US$27.1 billion from a year ago. In the last trading session, Bank of America Corp fell 4.68% to US$8.36. The stock has been moving within a range of US$4.92 - US$12.71 over the past 52 weeks. Investors may want to find out how company insiders like Executive Officers and Directors are thinking about the future business prospects of the company. Check this insider trade report for BAC here.
Apple Inc. (NASDAQ:AAPL): Insiderslab.com found Market Option Sale made by company Senior Vice President, Operations -- Jeffrey E. Williams on April 16, at stock price US$589.60. Disclose date: April 17. Insiderslab.com also found company's Vice President and Corporate Controller Payment of Exercise on April 15 for about US$1,389,608. Recently, Apple Inc. (NASDAQ:AAPL) announced that the company is planning to expand operations in Ireland with 500 jobs provided. This expansion is expected to take place in the next 18 months. By market close, Apple Inc. shares ended lower by 2.46% to US$572.98 on over 36.78 million shares, above its 30-day average volume of 26.45 million shares. Insiderslab.com believes that it is a clever way to check if insiders like CEOs, CFOs, and Directors in AAPL are starting to buy more company shares. See insider trade report for AAPL here.
Riverbed Technology, Inc. (NASDAQ:RVBD): Riverbed Technology, Inc. (NASDAQ:RVBD) newly reported that its GAAP revenue for first quarter 2012 was increased by 12% to US$182 million from US$164 million a year ago. GAAP net income for first quarter 2012 was approximately US$7 million, or US$0.04 per share, decreased US$6 million from the prior-year quarter. Abnormal trading volume of Riverbed Technology, Inc. was found on April 20, reaching 35.61 million shares, 11.6 times heavier than usual day trading. The stock dropped sharply by 28.75% to US$19.85. Why? Did insiders like CEOs, CFOs, and Directors sell their shareholdings before the stock price dropped? Check out the insider trade report 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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