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Top Searched Stocks: Fortinet, United Rentals, QUALCOMM, Cliffs Natural Resources, Dow Chemical, and Nokia

October 18, 2012

VANCOUVER, British Columbia, Oct. 18, 2012 /PRNewswire/ — Pennystocksinsiders.com (PSI) has issued insider trading reports and Equity Research for the following companies: Fortinet (NASDAQ:FTNT), United Rentals (NYSE:URI), QUALCOMM (NASDAQ:QCOM), Cliffs Natural Resources (NYSE:CLF), Dow Chemical (NYSE:DOW), and Nokia (NYSE:NOK).

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Report Highlights:

Fortinet, Inc. (NASDAQ:FTNT): Fortinet, Inc. (NASDAQ:FTNT) reported total revenue was US$136.3 million for the third quarter ended September 30, 2012, an increase of 17% from total revenue of US$116.4 million in the same quarter of 2011. GAAP net income was US$17.2 million for the third quarter, compared with GAAP net income of US$17.9 million in the prior-year quarter. Fortinet reported non-GAAP net income of US$23.2 million for the quarter, compared with US$21.7 million a year ago. According to insider trading report, Fortinet insiders have sold a total of US$6.99 million in shares in the last three months, which ranged in price from US$22.35 to US$27.38 each. Following the announcement, shares of Fortinet plummeted 18.79% to close at US$20.14 on hefty volume of 20.84 million shares, above its average volume of 2.59 million shares. In the past year, the stock has traded within a range of US$17.54 – US$28.82. Are Fortinet 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?

Read Full Report: http://www.Pennystocksinsiders.com/PR/101812A/FTNT/Fortinet.pdf

United Rentals, Inc. (NYSE:URI): United Rentals, Inc. (NYSE:URI) announced total revenues were US$1.22 billion for the third quarter of 2012, increased from total revenues of US$713 million in the same quarter of 2011. On a GAAP basis, net income was US$73 million (or US$0.70 per diluted share) for the third quarter, compared with US$65 million (or US$0.91 per diluted share), in the prior-year quarter. In the last three months, United Rentals insiders have sold a total of US$258,120 in shares, which ranged in price from US$27.34 to US$35.52 each. Shares of United Rentals crossed above the 50-day moving average and soared US$5.26 (or 15.49%) to US$39.22. There were 12.71 million stock shares traded, which was 3.9 times more than average volume. In the past 52 weeks, United Rentals share prices have been bracketed by a low of US$19.76 and a high of US$47.98, and are now at US$39.22 (98% above that low price). Did United Rentals insiders like CEOs, CFOs, and Directors buy their shareholdings before the stock price jumped? Check out the insider trade report here.

Read Full Report: http://www.Pennystocksinsiders.com/PR/101812A/URI/UnitedRentals.pdf

QUALCOMM, Inc. (NASDAQ:QCOM): Pennystocksinsiders.com found Market Option Sale (Planned) made by company Executive Vice President and General Manager — James P. Lederer on October 11, at stock price US$60.24 for about US$316,270. Disclose date: August 13. Insiderslab.com also found company President, Chief Operating Officer, Steven M. Mollenkopf, sold 18,508 shares on October 11, at stock price US$60.15 for about US$1.11 million. Disclose date: October 15. In the last three months, company insiders have sold a total of US$79.07 million in shares, which ranged in price from US$56.60 to US$64.50 each. Recently, QUALCOMM, Inc. (NASDAQ:QCOM) announced a quarterly cash dividend of US$0.25 per common share, payable on December 21, 2012, to stockholders of record on December 7, 2012. The company is scheduled to release its fourth quarter and fiscal 2012 results on Wednesday, November 7, 2012. Shares of QUALCOMM closed higher by 1.03% to US$60.98 with more than 11.05 million shares traded compared to its average volume of 11.01 million shares. The stock price crossed above the 50-day moving average in the last trading session. QUALCOMM has a market capitalization of US$103.87 billion. Investors may want to find out how QUALCOMM insiders like CEOs, CFOs and Directors are thinking about the future of the company. Check this insider trade report for QCOM here.

Read Full Report: http://www.Pennystocksinsiders.com/PR/101812A/QCOM/QUALCOMM.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.

Cliffs Natural Resources Inc. (NYSE:CLF):

Read Full Report: http://www.Pennystocksinsiders.com/PR/101812A/CLF/CliffsNaturalResources.pdf

The Dow Chemical Company (NYSE:DOW):

Read Full Report: http://www.Pennystocksinsiders.com/PR/101812A/DOW/DowChemical.pdf

Nokia Corporation (ADR) (NYSE:NOK):

Read Full Report: http://www.Pennystocksinsiders.com/PR/101812A/NOK/Nokia.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: PR Newswire