VANCOUVER, British Columbia, June 5, 2012 /PRNewswire-Asia/ -- Pennystocksinsiders.com (PSI) has issued insider trading reports and Equity Research for the following companies: Wells Fargo (NYSE:WFC), Delta Air Lines (NYSE:DAL), Sprint Nextel (NYSE:S), Dendreon (NASDAQ:DNDN), Marathon Oil (NYSE:MRO), and US Airways (NYSE:LCC).
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Report Highlights:
Wells Fargo & Company (NYSE:WFC): Wells Fargo extended its fall on Monday and slid 0.36% to US$30.05 on over 37.81 million shares, compared to its average volume of 28.04 million shares. Last week, John Stumpf, the Chief Executive Office of the company commented that the bank is interested in buying an insurance company. Most of the company's current mortgage borrowers are need of insurance, which could open another opportunity for them. The bank promised US$432.5 million in lending and other payments to end a lawsuit accusing the bank of discriminatory lending practices in Memphis, Tennessee. Memphis and Shelby County filed a lawsuit in 2010 against Wells Fargo, accusing the bank of targeting African-American neighborhoods for predatory loans. Shares of the company are up over 9% so far this year and jumped over 12% over the past one year. Over the past 52 weeks, the stock has been moving within a range of US$22.58 to US$34.59. As per the latest dividend of 22 cents a share, the stock has a dividend yield of 2.93%. Pennystocksinsiders.com thinks that it is a clever way to check if insiders like CEOs, CFOs, and Directors in WFC are starting to buy more company shares. See insider trade report for WFC here.
Read Full Report: http://www.Pennystocksinsiders.com/PR/060512A/WFC/WellsFargo.pdf
Delta Air Lines, Inc. (NYSE:DAL): Delta Air Lines was among the top percentage losers and slumped US$1.33 (or slid 11.56%) to US$10.18 on hefty volume of 29.68 million shares, well above its average volume of 12.84 million shares. On Monday, the company said that it has reached an agreement to acquire 4% equity stake in Grupo AeroMexico for US$65 million. The Mexican Federal Competition Commission (CFC) has approved Delta Air Lines to purchase 30.2 million AeroMexico shares at 31 pesos each. The company has been actively working on expanding its business in emerging markets at the time when other developed market such as Europe and the United States are underperforming. Last week, Delta Air Lines provided further updates on its deal with Saudi Arabia and confirmed that the company's partnership with Saudi Arabia's national airline is meant to be more transparent than earlier announced. Shares of the company are up over 26% so far this year and rose over 5% over the past one year. Over the past 52 weeks, the stock has been moving within a range of US$6.41 to US$12.25. Pennystocksinsiders.com found Stephen E. Gorman, Executive Vice President and Chief Operating Officer, sold 50,000 shares at price US$12.00 last week. Are 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.Pennystocksinsiders.com/PR/060512A/DAL/DeltaAirLines.pdf
Sprint Nextel Corporation (NYSE:S): Sprint Nextel ended higher by US$0.03 (or rose 1.20%) to US$2.54 with more than 62.07 million shares traded hands, above its average volume of 51.07 million shares. The company was chosen to market Galaxy S III from June 21, 2012. Shares of the company are up over 8% so far this year and slumped over 55% over the past one year. Over the past 52 weeks, the stock has been moving within a range of US$2.10 to US$5.96. Do you want to spend less time on picking stocks and raise your return at the same time? 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.Pennystocksinsiders.com/PR/060512A/S/SprintNextel.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.
Dendreon Corporation (NASDAQ:DNDN):
Read Full Report: http://www.Pennystocksinsiders.com/PR/060512A/DNDN/Dendreon.pdf
Marathon Oil Corporation (NYSE:MRO):
Read Full Report: http://www.Pennystocksinsiders.com/PR/060512A/MRO/MarathonOil.pdf
US Airways Group, Inc. (NYSE:LCC):
Read Full Report: http://www.Pennystocksinsiders.com/PR/060512A/LCC/USAirways.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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