VANCOUVER, British Columbia, June 12, 2012 /PRNewswire-Asia/ -- Insiderslab.com has issued insider trading reports and Equity Research for the following companies: Bank of America (NYSE:BAC), Arena Pharmaceuticals (NASDAQ:ARNA), Ford Motor (NYSE:F), AK Steel Holding (NYSE:AKS), NetApp (NASDAQ:NTAP), and Phillips 66 (NYSE:PSX).
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Report Highlights:
Bank of America Corp (NYSE:BAC): Bank of America announced on June 11 a massive, multi-billion plan to help address the wildly popular issue of climate change, lower its demand on natural resources and introduce new low-carbon solutions. The 10-year, US$50 billion environmental plan will go into effect on January 1, 2013, and will come after the company completes its current US$20 billion green initiative that is now four years ahead of schedule. "Environmental business delivers value to our clients, return for our shareholders, and helps strengthen the economy," said Bank of America chief executive officer Brian Moynihan. "We met our prior goal in about half the time we set for ourselves, so more than doubling our target is ambitious but achievable." According to recent SEC insider trading filings, director Donald E. Powell bought US$221,350 dollars in shares that ranged in price from US$7.25 to US$8.05 each. Do you think now is a good time to follow Powell's example and buy into BoA? Academic studies clarify that professional investors can get benefit from insider trading data. Do you want to trace this company on an on-going basis? It can be done for free by registering below.
Read Full Report: http://www.insiderslab.com/PR3/061212A/BAC/BankofAmerica.pdf
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA): Arena Pharmaceuticals jumped 6.87% to US$7.07 with 24.89 million shares on trading hands, compare to its average volume of 18.53 million shares. The stock price rose 190% since last month. Arena Pharmaceuticals has two obesity drugs are in approval waiting list for almost two years since Food and Drug Administration rejected them as too risky. Recently, the company's weight-loss pill gained the backing of an advisory panel. FDA advisers voted to support the benefit of Arena's pill, lorcaserin, which come before the risks. They will make a decision on lorcaserin by June 27. Academic studies have shown that insiders traditionally make higher investment returns than ordinary investors. Want to trace the activities of company insiders from now on?
Read Full Report: http://www.insiderslab.com/PR3/061212A/ARNA/Arena.pdf
Ford Motor Company (NYSE:F): When Ford's CEO unveiled the new 2013 Ford F-150 pickup truck in Central Texas on June 4, the company's vice president, among other officials, sold off hundreds of thousands of dollars in stock. According to The Epoch Times, Ford CEO Alan Mulally was on hand at the Green Family Campgrounds outside Waco to show off the new car, where 100 members from Future Farmers of America (FFA) came together to celebrate Ford's long history with the organization, and to provide it with one of the new trucks. "Farm families have always represented an important F-Series truck constituency," said Doug Scott, Ford Truck group marketing manager and FFA sponsor board member. "For these multitasking customers, a Ford pickup means family transportation, economic livelihood, rugged capability and reliability. Like FFA, Ford pickups are an enduring agricultural tradition, and we are delighted to join forces with them to reveal the new F-150 models." Despite the new model, vice president and controller Stuart Rowley sold off 14,000 shares valued at US$10.61 each, for a total of US$148,540. In the last three months, company insiders have sold off US$9.51 million in shares, according to insider trading reports. Do you think now is a good time to buy or sell its stock? Insiderslab.com believes that it is a clever way to check if insiders like CEOs, CFOs, and Directors in F are starting to buy more company shares. See insider trade report for F here.
Read Full Report: http://www.insiderslab.com/PR3/061212A/F/Ford.pdf
Today Insiderslab.com also observed abnormal trade volume for the following companies; insiders may be involved in the 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.
AK Steel Holding Corporation (NYSE:AKS):
Read Full Report: http://www.insiderslab.com/PR3/061212A/AKS/AKSteelHolding.pdf
NetApp Inc. (NASDAQ:NTAP):
Read Full Report: http://www.insiderslab.com/PR3/061212A/NTAP/NetApp.pdf
Phillips 66 (NYSE:PSX):
Read Full Report: http://www.insiderslab.com/PR3/061212A/PSX/Phillips66.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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