It was a great turn around for the market as a whole. Great finish of the week in anticipation of the earnings season starting next week. Hopefully the market trend will continue.
Top transactions for the week are shown below -
Top Buys -
VMW ($11,959,194)
TYL ($3,113,000)
SPB ($2,785,388)
ARB ($2,169,173)
BFS ($1,999,109)
Top Sales -
GOOG ($-38,503,719)
HANS ($-24,962,262)
MCK ($-19,081,339)
FN ($-12,623,829)
FDP ($-12,070,207)
There has been a consistent cashing out at GOOG for past several months now.
Market has seen insider sell/buy ratio shoot up in the short run last week. May be insiders are trying to take advantage of the rally. The ratio shot up to almost 14 last week. But long term this ratio is still bullish.
Biotechnology industries again showed high insider buying activity in the rolling two weeks in the past. Top Industries with insider activity were -
Biotechnology ($46,699,997)
Movie Production, Theaters ($42,419,327)
Industrial Equipment & Components ($24,341,126)
Technical & System Software ($16,559,503)
Good luck with earnings season kicking of next week.
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