VANCOUVER, British Columbia, May 23, 2012 /PRNewswire-Asia/ -- Pennystocksinsiders.com (PSI) has issued insider trading reports and Equity Research for the following companies: Arch Coal (NYSE:ACI), El Paso (NYSE:EP), Cree (NASDAQ:CREE), Barrick Gold (NYSE:ABX), Arena Pharmaceuticals (NASDAQ:ARNA), and CSX (NYSE:CSX).
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Report Highlights:
Arch Coal Inc. (NYSE:ACI): By market close, Arch Coal Inc. (NYSE:ACI) tumbled 7.38% to US$7.15. In the past 52 weeks, Arch Coal share prices have been bracketed by a low of US$6.77 and a high of US$30.29, and are now at US$7.15, 5.6% above that low price. There were 29.62 million shares of Arch Coal exchanging hands as compared to its average daily volume of 14.96 million shares. Will ACI stock price be gaining upward momentum soon? Pennystocksinsiders.com believes that one clever way to find this out is to check if insiders like CEOs, CFOs, and Directors in ACI are starting to buy more company shares. See insider trade report for ACI here:
Read Full Report: http://www.Pennystocksinsiders.com/PR/052312B/ACI/ArchCoal.pdf
El Paso Corporation (NYSE:EP): El Paso Pipeline Partners, L.P., a Delaware limited partnership formed by El Paso Corporation (NYSE:EP), recently announced that it had decided to purchase the remaining 14% interest in Colorado Interstate Gas Company, L.L.C. and all of Cheyenne Plains Investment Company, L.L.C., which owns Cheyenne Plains Gas Pipeline Company, L.L.C. from El Paso Corporation in exchange of US$635 million and the assumption of roughly US$242 million of proportional debt. In addition, according to the report El Paso Corporation announced on May 17, El Paso Corporation will be replaced by Kinder Morgan, Inc. in the S&P 500 index after the close of trading on May 24. Kinder Morgan is purchasing El Paso in a deal expected to be completed on or about that date, pending final conditions. By market close, El Paso shares closed higher by 1.51% to US$29.54 with more than 19.16 million shares traded, compared to its average volume of 8.68 million shares. The stock has been moving within a range of US$16.30 - US$30.86 over the past 52 weeks. Pennystocksinsiders.com thinks that it is a clever way to check if insiders like CEOs, CFOs, and Directors in EP are starting to buy more company shares. See insider trade report for EP here.
Read Full Report: http://www.Pennystocksinsiders.com/PR/052312B/EP/ElPaso.pdf
Cree, Inc. (NASDAQ:CREE): On May 22, Cree, Inc. (NASDAQ:CREE) announced that John Kurtzweil has resigned as Executive Vice President - Finance and Chief Financial Officer to pursue other opportunities. This was effective on May 21, 2012. In addition, Michael McDevitt was appointed as company Chief Financial Officer on an interim basis. Cree, Inc. is an innovator of lighting-class LEDs, LED lighting, and semiconductor products for power and radio frequency applications. Cree shares slid 6.50% on Tuesday to US$27.20 with significant volume traded. There were 10.14 million stock shares traded, which was 2.9 times more than average volume. Investors may want to find out how company insiders like Executive Officers and Directors are thinking about the future business prospects of the company. Check this insider trade report for CREE here.
Read Full Report: http://www.Pennystocksinsiders.com/PR/052312B/CREE/Cree.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.
Barrick Gold Corporation (USA) (NYSE:ABX):
Read Full Report: http://www.Pennystocksinsiders.com/PR/052312B/ABX/BarrickGold.pdf
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA):
Read Full Report: http://www.Pennystocksinsiders.com/PR/052312B/ARNA/Arena.pdf
CSX Corporation (NYSE:CSX):
Read Full Report: http://www.Pennystocksinsiders.com/PR/052312B/CSX/CSX.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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