Hot Stocks: MGM Resorts International, Kimberly Clark, Fossil, Altria Group, NetApp, and Electronic Arts
VANCOUVER, British Columbia, Aug. 8, 2012 /PRNewswire-Asia/ — Pennystocksinsiders.com (PSI) has issued insider trading reports and Equity Research for the following companies: MGM Resorts International (NYSE:MGM), Kimberly Clark (NYSE:KMB), Fossil (NASDAQ:FOSL), Altria Group (NYSE:MO), NetApp (NASDAQ:NTAP), and Electronic Arts (NASDAQ:EA).
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MGM Resorts International (NYSE:MGM): Shares of MGM Resorts International (NYSE:MGM) were up on Tuesday after the company posted quarterly losses that came in lower than analysts had expected, and stated its performance was helped by MGM China and operations in Mississippi. MGM reported a net loss of US$0.30 per share, compared with a net gain of US$6.22 last year. MGM CEO Jim Murren told analysts the company was doing its best to maximize profitability by focusing on cost management and bettering its customer relations. “Based on these current trends we expect Revpar [revenue per available room] in the third quarter will be slightly down,” he said, adding that he was still confident that trends in 2013 would help business pick up. Still, amid the better-than-expected results and positive remarks from analysts, officials have still sold US$3,620 in stock through insider transactions in the last three months. Do you think these executives know something the public doesn’t? Check this insider trade report for MGM Resorts International here.
Kimberly Clark Corporation (NYSE:KMB): Pennystocksinsiders.com found Market Option Sale made by company Group President, North Atlantic Consumer Products — Robert E. Abernathy on July 30, at stock price US$87.50. Disclose date: July 31. In the last trading session, Kimberly Clark Corporation (NYSE:KMB) shares ended down 1.18% at US$82.72. Its price, as of the latest close, was up 35.6% compared with the 52-week low and was 6.7% below the 52-week high. There were 7.01 million stock shares traded, which was 3 times more than average volume. Pennystocksinsiders.com thinks that it is a clever way to notice if insiders in Kimberly Clark are buying more company shares. See insider trade report for KMB here.
Read Full Report: http://www.Pennystocksinsiders.com/PR/080812B/KMB/KimberlyClark.pdf
Fossil, Inc. (NASDAQ:FOSL): Shares of Fossil, Inc. (NASDAQ:FOSL) soared US$21.98 (equivalent to 31.49%) to US$91.77 on news that the company released its second quarter financial results. Net sales for the second quarter of 2011 were US$636.1 million, up 14.3% from US$556.7 million in the same quarter of 2011. During the latest quarter, Fossil showed net income attributable to Fossil, Inc. was increased by 11.6% to US$57.3 million, from US$51.4 million a year earlier. There were 7.02 million stock shares traded, which was 5.4 times more than average volume. Fossil has a market capitalization of US$5.68 billion with price range within US$62.77 – US$139.20 over the past 52 weeks. Are Fossil 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? See insider trade report for FOSL here.
Read Full Report: http://www.Pennystocksinsiders.com/PR/080812B/FOSL/Fossil.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.
Altria Group, Inc. (NYSE:MO):
Read Full Report: http://www.Pennystocksinsiders.com/PR/080812B/MO/AltriaGroup.pdf
NetApp Inc. (NASDAQ:NTAP):
Read Full Report: http://www.Pennystocksinsiders.com/PR/080812B/NTAP/NetApp.pdf
Electronic Arts Inc. (NASDAQ:EA):
Read Full Report: http://www.Pennystocksinsiders.com/PR/080812B/EA/ElectronicArts.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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