Month: January 2013

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy — they expect to make money. So let’s look at two noteworthy recent insider buys.

In trading on Wednesday, packaging & containers shares were relative leaders, up on the day by about 1.2%. Leading the group were shares of Rock Tenn (RKT), up about 6.6% and shares of Packaging American (PKG) up about 1.6% on the day.

Google (GOOG) announced that it earned $2.9 billion, or $8.62 per share, during the fourth quarter, versus $2.7 billion, or $8.22 per share, during the same quarter last year year. Revenue increased by 36 percent to $14.4 billion.

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

Sales of US existing homes fell in December due to a shrinking supply. Purchases fell by one percent to a 4.94 million annual rate according to the the National Association of Realtors.

Sandisk (SNDK) had its numbers increased by Jefferies (JEF) as margins at the company have been improving. A $59 price target was issued with a buy rating.

State Street (STT) was upgraded by J. .

Verizon (VZ) announced that it lost $4.24 billion, or $1.48 per share, versus $2.02 billion, or 71 cents per share, in the same period last year. The loss included a $1.86 per share charge related to employee benefits and restructuring activities.

From Fnno.com, this is the Financial News Network. Here’s a few things to watch for in the financial world today January 22.

Dutch Finance Minister Jeroen Dijsselbloem has been elected as the new head of the Euro Group replacing Jean-Claude Juncker after 7 years in the job. Hayley Platt reports.