Today’s Hot Stocks: Symantec, International Game Technology, Altera, WellPoint, Polycom, and Facebook
VANCOUVER, British Columbia, July 26, 2012 /PRNewswire-Asia/ — Insiderslab.com has issued insider trading reports and Equity Research for the following companies: Symantec (NASDAQ:SYMC), International Game Technology (NYSE:IGT), Altera (NASDAQ:ALTR), WellPoint (NYSE:WLP), Polycom (NASDAQ:PLCM), and Facebook (NASDAQ:FB).
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Symantec Corporation (NASDAQ:SYMC): On July 25, Symantec Corporation (NASDAQ:SYMC) announced its GAAP revenue for the first quarter of fiscal 2013 was US$1.668 billion, increased 1% from a year earlier. On that same day, the Board of Directors of Symantec Corporation announced that Steve Bennett, current company Chairman, has been named as President and Chief Executive Officer to succeed Enrique Salem, effective immediately. In addition, Bennett will remain his role as Chairman. Symantec shares trades have gone up 13.55% to US$14.96 in the last trading session. There were 39.88 million stock shares traded, which was 4.9 times more than average volume. Its price, as of the latest close, was up 14.5% compared with the 52-week low and was 32.4% below the 52-week high. Professional investors may want to find out how company insiders in Symantec Corporation are thinking about the future of the company. Check this insider trade report for SYMC here.
Read Full Report: http://www.insiderslab.com/PR3/072612B/SYMC/Symantec.pdf
International Game Technology (NYSE:IGT): For the fiscal third quarter ended June 30, 2012, International Game Technology (NYSE:IGT) showed revenue of US$532.8 million, up 9% from revenue of US$489.0 million a year earlier. By the end of Wednesday’s trading, shares of International Game Technology slipped US$2.93 (or -19.95%) to US$11.76 and made a new 52-week low of US$11.53. Heavy trading volume of International Game Technology was found reaching 30.41 million shares, 7.7 times heavier than usual day trading. International Game Technology is a global gaming company with a market capitalization of US$3.47 billion. Did company insiders in International Game Technology sell their shareholdings before the stock price dropped? Since insiders have better access to company non-public information, Insiderslab.com thinks that investors would be wise to pay close attention to their stock trading behaviors. Check this insider trade report for IGT here.
Altera Corporation (NASDAQ:ALTR): On July 24, Altera Corporation (NASDAQ:ALTR), a global semiconductor company, posted its financial results for the second quarter of 2012. The company showed sales for the quarter was lowered by 15% to US$464.8 million from a year ago. During the second quarter, net income was US$162.7 million, or US$0.50 per diluted share, compared with net income of US$214.6 million, or US$0.65 per diluted share, in the second quarter of 2011. By market close, shares of Altera soared 12.19% to US$34.41 with heavy volume, which was 4 times more than usual. In addition to quarterly reports, Insiderslab.com suggests that insider transactions can also greatly influence investment decisions. See insider trade report for ALTR here.
Read Full Report: http://www.insiderslab.com/PR3/072612B/ALTR/Altera.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.
WellPoint, Inc. (NYSE:WLP):
Read Full Report: http://www.insiderslab.com/PR3/072612B/WLP/WellPoint.pdf
Polycom, Inc. (NASDAQ:PLCM):
Read Full Report: http://www.insiderslab.com/PR3/072612B/PLCM/Polycom.pdf
Facebook, Inc (NASDAQ:FB):
Read Full Report: http://www.insiderslab.com/PR3/072612B/FB/Facebook.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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SOURCE Insiderslab.com; Insiders.hk