VANCOUVER, British Columbia, June 4, 2012 /PRNewswire-Asia/ -- Insiderslab.com has issued insider trading reports and Equity Research for the following companies: General Electric (NYSE:GE), EMC (NYSE:EMC), Duke Energy (NYSE:DUK), Petroleo Brasileiro SA (NYSE:PBR.A), Regions Financial (NYSE:RF), and Marvell (NASDAQ:MRVL).
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Report Highlights:
General Electric Company (NYSE:GE): General Electric was down by 2.88% to US$18.54 on volume of 60.93 million shares, above its average volume of 44.56 million shares. The company is planning to open another China innovation center in Xi'an city. The company has investment target of US$2 billion in China by 2013. Last week, the company announced that it has agreed to invest US$300 million in a fund run by Brazilian industrial group EBX. The fund has policy to invest in Brazil infrastructure projects. In return, the company will get 0.80% preferred equity stake in the fund. On May 17, 2012, the company announced to acquire Glen Lyn-based Fairchild International for an undisclosed amount. The company further said that it has plans to buy Industrea Ltd. The transaction is estimated to close in the third quarter. Shares of the company are up 3% so far this year and over the past one year, lost over 4%. Over the past 52 weeks, the stock has been moving in the range of US$14.02 and US$21. The stock has a beta of 1.22. To increase investment return, Insiderslab.com refers insider trading data to professional investors as it believes that company insiders like Executive Officers and Directors have a better understanding about the company's prospects. Do you want to know when company insiders will buy their shares?
Read Full Report: http://www.insiderslab.com/PR3/060412B/GE/GeneralElectric.pdf
EMC Corporation (NYSE:EMC): EMC was down 67 cents (or fell 2.81%) to US$23.18 on over 20.60 million shares, compared to its average volume of 20.56 million shares. The company agreed to acquire Watch4Net Solutions Inc., a performance management software company in a cash deal of an undisclosed amount. Earlier this week, the company announced the appointment of Warren K. Davis as an independent Director. On May 10, 2012, the company announced to buy an Israeli company in all cash deal. However, the agreed amount of deal was not disclosed. The company expects no earnings for the current year from the deal. For the first quarter, the company reported net income of US$586.8 million, or 27 cents per share, up 23% year over year. On an adjusted basis, the company would have earned 37 cents per share. Revenue during the quarter surged to US$5.09 billion. The company said that it will at least achieve its 2012 goals of US$22 billion in revenue, non-GAAP EPS of US$1.70, and free cash flow of US$4.9 billion. Shares of the company are up 7% so far this year, and over the past one year, it has lost over 17%. Over the past 52 weeks, the stock has been moving in the range of US$19.84 to US$30. Since 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 EMC here.
Read Full Report: http://www.insiderslab.com/PR3/060412B/EMC/EMC.pdf
Duke Energy Corporation (NYSE:DUK): Duke Energy bucked the trend and jumped 1.68% to US$22.35 on over 22.91 million shares, compared to its average volume of 13.74 million shares. Moreover, the stock made a 52-week high of US$22.40 earlier in the session. The company announced that Catherine Heigel, president of Duke Energy for South Carolina, has resigned from the company. Early May, the company reported its first quarter earnings. Net income for the quarter came in at US$295 million, or 22 cents a share, down from US$511 million or 38 cents a share in the same quarter last year. Revenue fell to US$3.63 billion from US$3.66 billion a year earlier. The company booked a US$420 million charge against earnings in the quarter to cover cost overruns at a coal plant under construction in Edwardsport, Indiana. On an adjusted basis, the company would have earned 38 cents a share. The company said that the earnings in the latest quarter were affected by warm weather. The company announced dividend of 17 cents per share. Shares of the company are up 1% so far this year, and over the past one year, it has gained over 17%. Over the past 52 weeks, the stock has been moving in the range of US$16.87 to US$22.40. The company said that improved power sales and rates in Brazil boosted the company's global earnings by 11% in the quarter. Insiderslab.com believes that it is a clever way to check if insiders like CEOs, CFOs, and Directors in DUK are starting to buy more company shares. See insider trade report for DUK here.
Read Full Report: http://www.insiderslab.com/PR3/060412B/DUK/Duke.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.
Petroleo Brasileiro SA (ADR) (NYSE:PBR.A):
Read Full Report: http://www.insiderslab.com/PR3/060412B/PBRA/PetroleoBrasileiroSA.pdf
Regions Financial Corporation (NYSE:RF):
Read Full Report: http://www.insiderslab.com/PR3/060412B/RF/RegionsFinancial.pdf
Marvell Technology Group Ltd. (NASDAQ:MRVL):
Read Full Report: http://www.insiderslab.com/PR3/060412B/MRVL/Marvell.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
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