July 21, 2011
Insider Trading Equity Research for JPMorgan, Halliburton and More on Banking & Energy Sectors
VANCOUVER, British Columbia, July 21, 2011 /PRNewswire-Asia/ -- Based on the latest insider trading and equity research data, JPMorgan Chase & Co. (NYSE:JPM) and Halliburton (NYSE:HAL) settled notable insider trades within their respective industry sectors. Today InsidersLab.com will examine insider trades made within the Banking and Energy industry sectors. For more data and analysis pertaining to insider trading and what this might mean to the average investors' portfolio, please visit http://www.insiderslab.com/
The overall 4-week insider buy ratio of the Banking Sector inversely reflected the movement of the NASDAQ Bank Index. InsidersLab.com saw a relatively insignificant downward trend for those shares whereas the insider buy ratio has climbed 10 percentage points since March 2011.Banking Sector 4-week Insider Buy Ratio: Decreased from 35% to 32%
Banking Sector 13-week Insider Buy Ratio: Increased from 30% to 35%
Banking Sector 52-week Insider Buy Ratio: Decreased from 38% to 35%
JPMorgan Chase & Co. (NYSE:JPM) - Although JPMorgan's report on Q2 financials met the analysts' estimates, during the second quarter, their stock has lost almost all of the gains they had previously made. Meanwhile, it was observed that insiders are still disregarding their holdings. Executive Vice President Samuel Todd Maclin sold 20,000 common shares on the open market at US$39.79 per share on July 15. On the same day, General Counsel Stephen Cutler disposed of 10,000 common shares on the open market at US$40.58 per share. The fact is that there was a US$0.15 per share increase in earnings as a result of a reduction in the card services allowance for the company's loan losses. Read the (JPM) insider trading report at http://www.insiderslab.com/PR/072111A/JPM/JPMORGAN (NYSE:JPM) to see what this means to the average investors' portfolio.
Next, InsidersLab.com has taken a look at the Energy Sector. The SIG Energy Index reached its 52-week high this March at 366 base points and then slid down to around 350 base points this week. In contrast, the Energy Sector insider buy ratio lingered around its breakeven at 20% in March. Today this ratio has improved slightly to 25%.
Banking Sector 4-week Insider Buy Ratio: Decreased from 34% to 25%
Banking Sector 13-week Insider Buy Ratio: Increased from 23% to 32%
Banking Sector 52-week Insider Buy Ratio: Decreased from 37% to 29%
Halliburton Company (NYSE:HAL) - Halliburton's shares are now trading above US$55.00 per share, which is the highest in their history. Halliburton company insiders usually trade their stocks by exercising options at lower prices and selling the shares at higher rates. Records showed that insiders sold around US$784.96K worth of shares during the past four weeks. It is also noticed that the total number of insider trades filed during this period was significantly lower than the previous periods. On July 18, Halliburton reported its Q2 net income of US$739 million, or US$0.80 per diluted share. In comparison, net income for Q1 was US$511 million and US$0.56 per diluted share. Read the (HAL) insider trading report at http://www.insiderslab.com/PR/072111A/HAL/HALLIBURTON (NYSE:HAL) to see what this means to the average investors' portfolio.
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