Most Attractive Stocks: Michael Kors, Zillow, The Home Depot, Corning, Alpha Natural Resources, and Potash
VANCOUVER, British Columbia, Sept. 26, 2012 /PRNewswire/ — Insiderslab.com has issued insider trading reports and Equity Research for the following companies: Michael Kors (NYSE:KORS), Zillow (NASDAQ:Z), The Home Depot (NYSE:HD), Corning (NYSE:GLW), Alpha Natural Resources (NYSE:ANR), and Potash (NYSE:POT).
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Michael Kors Holdings Ltd (NYSE:KORS): For the second quarter of fiscal 2013, Michael Kors Holdings Ltd (NYSE:KORS) has increased its guidance of diluted earnings per share to be in the range of US$0.38 to US$0.40, compared to its previous guidance of US$0.33 to US$0.35. In its retail segment, Michael Kors reported that quarter-to-date comparable store sales for the latest quarter ended September 15, 2012 increased 45.1%. What’s more, Michael Kors announced on Tuesday that it priced 23 million shares at a price of US$53 a share in a secondary public offering. This is the third time the company sold shares in less than a year to the public market and each time at a higher price than the previous offering. In the last trading session, Michael Kors shares tumbled US$2.20 (or -4.04%) to US$52.30 with heavy volume, which was 6 times more than usual. Do you think Michael Kors will rebound soon? Check insider trade report for Michael Kors here.
Read Full Report: http://www.insiderslab.com/PR3/092612A/KORS/MichaelKors.pdf
Zillow Inc. (NASDAQ:Z): Abnormal trading volume of Zillow Inc. (NASDAQ:Z) was found on September 25 reaching 7.93 million shares, 7.5 times heavier than usual day trading. At the close of the trading day, shares of Zillow slumped 6.67% to close at US$41.45. The stock has a 52-week low of US$21.22 and a 52-week high of US$46.86. Its price, as of the latest close, was up 95% compared with the 52-week low and was 13% below the 52-week high. Zillow is a real estate information marketplace with market capitalization of US$1.21 billion. Since Zillow insiders such as CEOs, CFOs and Directors 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 Zillow here.
Read Full Report: http://www.insiderslab.com/PR3/092612A/Z/Zillow.pdf
The Home Depot, Inc. (NYSE:HD): Insiderslab.com found Market Option Sale made by company Chief Information Officer, Executive Vice President — Matthew A. Carey on September 19, at stock price US$59.61 each for about US$3.51 million. Disclose date: September 21. Insiderslab.com also found company Independent Director, Ronald L. Sargent, purchased 1,667 shares on September 21 valued at US$59.44 each. Disclose date: September 24. According to insider trading report, The Home Depot, Inc. (NYSE:HD) officials have sold US$23.05 million in shares, while others have purchased US$99,090 worth, in the last three months. Last Friday, The Home Depot announced Mark Vadon has been appointed to the company’s Board of Directors. The election of Vadon increases the total number of the company’s Directors to eleven. Moreover, The Home Depot recently announced that it will close its remaining seven big box stores in China as shifting its focus in that market to specialty stores and online offerings. The company also said the store closings will result in an after-tax charge of approximately US$160 million, or approximately US$0.10 per diluted share, in the third quarter of 2012. However, the home improvement retailer will continue to hire about 170 associates in China, working in the sourcing offices in Shanghai and Shenzhen, which opened in 2002, and working on its new retail formats team and in the specialty stores. By the end of Tuesday’s trading, shares of The Home Depot advanced as much as 0.69% to US$59.80 and made a new 52-week high of US$60.58. Investors may want to find out how The Home Depot insiders are thinking about the future of the company. Check this insider trade report for HD here.
Read Full Report: http://www.insiderslab.com/PR3/092612A/HD/TheHomeDepot.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.
Corning Incorporated (NYSE:GLW):
Read Full Report: http://www.insiderslab.com/PR3/092612A/GLW/Corning.pdf
Alpha Natural Resources, Inc. (NYSE:ANR):
Read Full Report: http://www.insiderslab.com/PR3/092612A/ANR/AlphaNaturalResources.pdf
Potash Corporation of Saskatchewan Inc. (NYSE:POT):
Read Full Report: http://www.insiderslab.com/PR3/092612A/POT/Potash.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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