Insider Trading Secret in Hot Stock: Michael Kors, Hewlett-Packard, LyondellBasell, Schlumberger, BB&T, and United States Steel
VANCOUVER, British Columbia, Nov. 14, 2012 /PRNewswire/ -- Insiderslab.com has issued insider trading reports and equity researchfor the following companies: Michael Kors (NYSE:KORS), Hewlett-Packard (NYSE:HPQ), LyondellBasell (NYSE:LYB), Schlumberger (NYSE:SLB), BB&T (NYSE:BBT), and United States Steel (NYSE:X).
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Michael Kors Holdings Ltd (NYSE:KORS): Michael Kors Holdings Ltd (NYSE:KORS) reported second quarter 2012 total revenue of US$532.94 million, up 74% from the prior-year quarter record. For the second quarter, net income was US$97.83 million (or US$0.49 per diluted share), compared with net income of US$40.61 million (or US$0.22 per diluted share), a year ago. Michael Kors shares climbed 0.85% to US$51.01 while the stock traded within the range of US$50.13 – US$53.25. Did Michael Kors insiders buy their shareholdings before the stock price jumped? Check out the insider trade report here.
Hewlett-Packard Company (NYSE:HPQ): By the end of Tuesday's trading, shares of Hewlett-Packard Company (NYSE:HPQ) fell US$0.27 (-2.01%) to US$13.14 on volume of 26.41 million shares, less than its average volume of 30.21 million shares. Insiderslab.com believes that it is a clever way to check if insiders in Hewlett-Packard are starting to buy more company shares. See insider trade report for HPQ here.
LyondellBasell Industries NV (NYSE:LYB): Insiderslab.com found LyondellBasell Industries NV (NYSE:LYB) 10% Owner, Apollo Management Holdings Gp, LLC, sold 20 million shares on November 7, at stock price US$53.30 each for about US$1.07 billion. Disclose date: November 9. On that same day, there was a Market Sale made by Director -- Marvin O. Schlanger, at stock price US$53.04 each for about US$1,060. Do you think now is a good time to buy or sell the stock? See insider trade report for LYB here.
Today Insiderslab.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.
Insider Filing Source Reference: All observations, analysis and reports are based on public information released by the U.S. Securities and Exchange Commission.
Insiderslab.com covers insider trade data in major stock markets in the U.S., Hong Kong, Mainland China, and Singapore. Insiderslab.com features a team of experienced data analysts striving to provide the investment community with the tools, software, and data necessary to carry out more effective investment research.