Some hopeful signs for the sluggish economy gave the markets a boost today, with all the major indices in positive territory. The number of Americans filing first time unemployment benefits fell to a five-year low last week, down 37,000 to a seasonally adjusted 335,000, according to the Labor Department.
Citigroup Incorporated (C) maintained its quarterly dividend of 1 cent per share. The dividend is payable on February 22, 2013 to stockholders of record on February 4, 2013.
In trading on Thursday, shipping shares were relative leaders, up on the day by about 2%. Leading the group were shares of Dryships (DRYS), up about 5.9% and shares of Genco Shipping & Trading Limited (GNK) up about 4.5% on the day.
Lululemon (LULU) had its estimates and price target reduced by Credit Suisse (CS) due to moderating comp sales. A neutral rating was issued with a price target of $79.
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.
Intermune (ITMN) was upgraded by UBS (UBS) to neutral from neutral to buy with a price target of $15, as factors that were holding down the stock price are no longer an issue. Shares are higher by about 4.8 percent.
Kellogg (K) was downgraded by Credit Suisse (CS) to underperform from neutral as the stock price has risen above the previously set $55 price target. Shares are lower by about a quarter of a percent.
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, agriculture & farm products shares were relative leaders, up on the day by about 0.7%. Leading the group were shares of Agria (GRO), up about 4% and shares of Ceres (CERE) up about 1.7% on the day.
US Airways (LCC) was downgraded by J. .
