Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys
Lackluster earnings and disappointing economic data kept the markets under pressure today. The number of Americans filing initial jobless claims rose by 38,000 to a seasonally adjusted 368,000 last week, according to the Labor Department
Hess (HES) was downgraded by UBS (UBS) from buy to neutral with a price target of $70, as the stock price has appreciated considerably during the rally of the last several weeks. Shares are lower by about half of one percent
Enbridge Energy Partners (EEP) maintained its quarterly dividend of 54.35 cents per share. The dividend is payable on February 14, 2013 to shareholders of record on February 7,
Greece reeled on Thursday from fresh strikes against austerity measures enacted by the coalition government in return for vital EU-IMF funds to avoid bankruptcy. Duration:
KaloBios Pharmaceuticals (KBIO) announced the pricing of its previously announced IPO of 8,750,000 shares of common stock at a price to the public of $8.00 per share, less underwriting discounts and commissions. KaloBios has granted the underwriters a 30-day option to purchase up to 1,312,500 additional shares of common stock at the same price to cover over-allotments, if any
Summary of business headlines: DOJ moves to block Anheuser-Busch InBev total purchase of Modelo; Wall St. closes best January in 16 years on soft footing; TRI Pointe opens the door for homebuilding IPOs; Consumer income takes a December leap. Conway G. Gittens reports
In trading on Thursday, sporting goods & activities shares were relative leaders, up on the day by about 5.4%. Leading the group were shares of WMS Industries (WMS), up about 51.7% and shares of Vail Resorts (MTN) up about 1.6% on the day
In trading on Thursday, general contractors & builders shares were relative laggards, down on the day by about 1.9%. Helping drag down the group were shares of M/I Homes (MHO), down about 7.2% and shares of Mdc Holdings (MDC) off about 5.8% on the day
CIT Group (CIT) was downgraded by Morgan Stanley (MS) to equal weight from overweight with a price target of $46 due to a lack of catalysts to drive the stock price higher in the near term despite that management is turning around the business. Shares are lower by about 1.4 percent
