VANCOUVER, British Columbia, June 21, 2012 /PRNewswire-Asia/ -- Insiderslab.com has issued insider trading reports and Equity Research for the following companies: Adobe (NASDAQ:ADBE), QUALCOMM (NASDAQ:QCOM), Molycorp (NYSE:MCP), Idenix Pharmaceuticals (NASDAQ:IDIX), Marathon Petroleum (NYSE:MPC), and Dendreon (NASDAQ:DNDN).
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Report Highlights:
Adobe Systems Incorporated (NASDAQ:ADBE): Adobe Systems Incorporated (NASDAQ:ADBE) lately announced its financial results for the second quarter of fiscal year 2012 ended June 1, 2012. Revenue for the second quarter of fiscal year 2012 was increased by 10% to US$1.12 billion, from US$1.02 billion a year ago. Net income for the quarter was US$223.9 million, representing a 2.4% drop from the prior-year quarter. Abnormal trading volume of Adobe was found on June 20 reaching 18.92 million shares, 4.8 times heavier than usual day trading. In the past 52 weeks, Adobe share prices have been bracketed by a low of US$22.67 and a high of US$34.78, and are now at US$31.99 (41% above that low price). Investors may want to find out how company insiders like CEOs, CFOs and Directors are thinking about the future of the company. Check this insider trade report for ADBE here.
Read Full Report: http://www.insiderslab.com/PR3/062112A/ADBE/Adobe.pdf
QUALCOMM, Inc. (NASDAQ:QCOM): Insiderslab.com found a substantial Market Option Sale (Planned) made by company Chairman of the Board, Chief Executive Officer -- Paul E. Jacobs on June 13, at stock price US$59.46. Disclose date: June 15. Insiderslab.com also found company Vice Chairman, Steven R. Altman, sold 50,000 shares at stock price US$59.50 on that same day. On June 18, QUALCOMM, Inc. (NASDAQ:QCOM) announced the acquisition of Summit Microelectronics, a developer of programmable power integrated circuits based in Sunnyvale, CA. Under the terms of the agreement, Summit Microelectronics' employees will join Qualcomm's CDMA Technologies unit. With the Summit acquisition, QUALCOMM, Inc. will enhance its power management roadmap. "This acquisition enhances the competitiveness of Qualcomm's chipset solutions," President and COO Steve Mollenkopf stated. The Summit acquisition is the third acquisition of Qualcomm in almost a year. Qualcomm shares ended lower by 0.33% to US$56.83 on over 9.97 million shares, below its 30-day average volume of 14.15 million shares. Do you want to know when company insiders will buy their shares? Want to add and monitor this company on an on-going basis? It can be done for free by registering below.
Read Full Report: http://www.insiderslab.com/PR3/062112A/QCOM/QUALCOMM.pdf
Molycorp, Inc. (NYSE:MCP): Insiderslab.com found a substantial Market Purchase made by company Executive Vice President, General Counsel -- John F. Ashburn, Jr. on June 13, at stock price US$20.26. Disclose date: June 15. Insiderslab.com also found company Independent Director, Brian T. Dolan, purchased 12,153 shares at stock price US$20.50 on that same day. By the end of Wednesday's trading, Molycorp, Inc. (NYSE:MCP) soared 8.62% higher, moving up US$1.78 to US$22.44 per share. There were 8.98 million stock shares traded, which was 3.6 times more than average volume. The rise of the stock is after China disclaiming the estimates of its resources by the United States, who estimated that China owns 36% of the world's rare-earth minerals. China stated it has just 23% of the world's total. Molycorp, Inc. is a rare earth oxide producer in the Western countries. Are company insiders starting to take huge profits by selling shares or exercising stock options? Academic studies have shown that insiders traditionally make higher investment returns than ordinary investors. Want to find out how they do it?
Read Full Report: http://www.insiderslab.com/PR3/062112A/MCP/Molycorp.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.
Idenix Pharmaceuticals, Inc. (NASDAQ:IDIX):
Read Full Report: http://www.insiderslab.com/PR3/062112A/IDIX/Idenix.pdf
Marathon Petroleum Corporation (NYSE:MPC):
Read Full Report: http://www.insiderslab.com/PR3/062112A/MPC/MarathonPetroleum.pdf
Dendreon Corporation (NASDAQ:DNDN):
Read Full Report: http://www.insiderslab.com/PR3/062112A/DNDN/Dendreon.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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