Saturday, April 24, 2010

Insider Data - Week ending 04/24/2010

An interesting week after the GS news got some scrutiny from both sides. The Bulls made a case for continuing the uptrend. As earnings season continues, we will see how far the momentum carries the market.

Top transactions are shown in the table below. Abbot labs bought FACT so that was one major insider buy shown in the table. That would probably skew the results for the week also. Fairfax Financial bought almost $32 Million worth of SD that made the stock jump almost 10% in 3 days.
(Click on the table to view larger image for top transactions)



As mentioned before the rolling trend results are skewed because of the big insider transaction by Abbot labs. Ignoring that would mean that there was little relative inside buying during the week. May be time has come to see more M&A activity!



The industrial trend got skewed in favor of Biotechnology due to one big insider buy mentioned previously.

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