Eyeing Critical Insider Trades in Dendreon Corporation
Insiderslab.com has issued critical insider trading news on Dendreon Corporation (NASDAQ:DNDN).
Dendreon (NASDAQ:DNDN) share prices exhibited impressive relative strength with a 2.9% gain on Monday, Feb 13. The stock still exhibits strong accumulation on up days with heavy volume and selling on light volume. Based on technical analysis observation, the stock’s overall outlook is likely to be bullish. Only a close price below US$12.82 would negate the bullish outlook. In addition, a close price above US$15.21 would reinstate short-term bullish trend that could push the stock to the next target zone. Insiders like CEO, CFO, and other senior officers of Dendreon may have different view on the future prospective of the company business. The company insiders have sold over 14 million worth of stocks in the past 12 months. A few BIG insider trades were pretty significant like the SVP, Chief Scientific Officer; Urdal David sold 4 million worth of stocks at a price range of $9.65-41.78 USD. The EVP, General Counsel Secretary Hamm Richard F Jr sold 2.3 million worth of stocks at $39 USD. While Dendreon share price is near its 6-month high, investor should find out why the company insiders are selling their shares now.
Read Full Insider Trade Report for (NASDAQ:DNDN): http://www.insiderslab.com/PR3/021412B/DNDN/Dendreon.pdf
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Are Insiders in Drug Industry buying or selling?
The Insiders buy sell ratio in drug industry dropped from 41% to 22% in the past 4 weeks which indicated senior officers, directors, and 5% shareholders in companies of drug industry are selling their shares now. Among all companies with net insider selling activities, the top 3 companies with most insider net selling in the past 4 weeks are: Amgen Inc, recorded over 75 million net sale by dollar amount, Synageva Biopharma Corp recorded over 32 million net sale by dollar amount, and Johnson & Johnson recorded over 30 million net sale by dollar amount. One thing in common, all the top 3 companies in drug industry with net insider selling are trading at their 6-month high. Insiders like CEO, CFO, and Directors have access to information that others don’t, but insiders must report their trades to SEC after they buy/sell BIG. This gives investors a new source of information before they make their trades.
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SOURCE Insiderslab.com; Insiders.hk
Source:
insiderslab.com
www.insiderslab.com
Reported on Feb 14, 2012
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Today's Notable Trades
Vocus, Inc. (VOCS)
10% shareholder: Okumus Opportunistic Value Fund Ltd.
Sold 776,700 Put Option (Obligation to Buy) (Derivative security at conversion or exercise price: $12.500) on May 17, 2013. Direct holding 0 shares/units after transaction. Put Option (Obligation to Buy) expires on May 18, 13. Holdings decreased -100.00%.
Filing date: May 21, 2013. Record updated at 13:20:40.
SONOCO PRODUCTS CO (SON)
Senior Officer (SR VP CORP. PLANNING): MAHONEY KEVIN P
Sold 8,229 Common Stock (Non-Derivative security at $35.810) on May 20, 2013. Direct holding 0 shares/units after transaction. Holdings decreased -100.00%.
Filing date: May 21, 2013. Record updated at 13:20:26.
EQUITY ONE, INC. (EQY)
Other: HETZ NATHAN
Sold 127,162 Common Stock, par value $0.01 per share (Non-Derivative security at $25.938) on May 17, 2013. Indirect holding 322,279 shares/units after transaction. Holdings decreased -28.29%.
Filing date: May 17, 2013. Record updated at 13:19:59.
APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
Senior Officer (Corporate Controller): BREZOVEC DANIEL T
Acquired 7,800 Common Stock (Non-Derivative security at $21.110) on May 20, 2013. Direct holding 18,835 shares/units after transaction. Holdings increased 70.68%.
Filing date: May 21, 2013. Record updated at 13:19:19.
COMPASS MINERALS INTERNATIONAL INC (CMP)
Senior Officer (Vice President): GOADBY DAVID J
Acquired 8,071 Common Stock (Non-Derivative security at $55.120) on May 20, 2013. Direct holding 36,237 shares/units after transaction. Holdings increased 28.66%.
Filing date: May 21, 2013. Record updated at 13:17:39.
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB)
Director: HOWELL MICHAEL W D
Acquired 4,000 Common Stock - Direct (Non-Derivative security at $39.725) on May 20, 2013. Direct holding 9,559 shares/units after transaction. Holdings increased 71.96%.
Filing date: May 21, 2013. Record updated at 13:17:13.
CROSS COUNTRY HEALTHCARE INC (CCRN)
First-Class Insider (President and COO): Grubbs William J
Acquired 9,997 Common Stock (Non-Derivative security at $5.250) on May 21, 2013. Direct holding 56,729 shares/units after transaction. Holdings increased 21.39%.
Filing date: May 21, 2013. Record updated at 13:16:45.
ASSOCIATED BANC-CORP (ASBC)
Senior Officer (Executive Vice President): McKeag Bryan
Acquired 7,000 Common Stock $0.01 Par Value (Non-Derivative security at $13.160) on May 20, 2013. Direct holding 31,233 shares/units after transaction. Holdings increased 28.89%.
Filing date: May 21, 2013. Record updated at 13:16:27.
Core-Mark Holding Company, Inc. (CORE)
Senior Officer (SVP - Corporate Development): McPherson Scott E
Acquired 4,436 Coremark Common Stock (Non-Derivative security at $36.960) on May 17, 2013. Direct holding 30,961 shares/units after transaction. Holdings increased 16.72%.
Filing date: May 21, 2013. Record updated at 13:16:13.
ROCKWELL AUTOMATION INC (ROK)
Senior Officer (Sr. Vice President): MCDERMOTT JOHN P
Acquired 27,600 Common Stock (Non-Derivative security at $46.160) on May 20, 2013. Direct holding 85,988 shares/units after transaction. Holdings increased 47.27%.
Filing date: May 21, 2013. Record updated at 13:16:00.
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