NEW YORK ( Insider Monkey ) -- Insider sales usually are non-informative. Stocks sold by insiders don't go down, on the average. This is because most insider sales transactions are done for diversification or demand for liquidity. So, the lists of largest insider sales published in the Wall Street Journal or Barron's really don't mean much.
research on insider selling
has shown that stocks sold under the 10b5-1 plans have large negative abnormal returns. The magnitude of the abnormal returns is about 70 basis points per month calculated by using
Carhart's four factor
, your source for free real-time
data, compiled the list of 10 stocks insiders are selling like crazy under 10b5-1 plans over the past few weeks:
(NFLX - Get Report)
: Netflix insiders have been exercising their options and selling shares immediately for quite some time now.
Theodore Sarandos sold more than 25,000 shares
and netted nearly $4 Million in November.
Barry McCarthy exercised 100,000 options
and sold them for more than $200 each. He netted more than $17 Million. You can check other
Netflix insider sales
Donald Aoki sold more than 75,000 shares
this week. There are several other
KEYN insiders selling
Roger Linquist sold 40,000 shares
under a 10b5-1 plan adopted on Nov. 8, 2010. There are several other
large insider sales in PCS.
(NANO - Get Report)
Norman Coates, a director of Nanometrics
, sold 50,000 shares under a 10b5-1 plan on Tuesday. Several other
insiders sold NANO
shares over the past few months.
The E. W. Scripps Company
(SSP - Get Report)
Richard Boehne sold more than 75,000 shares
at $10 under a 10b5-1 plan adopted this summer. Several other
insiders have been selling as SSP
climbed more than 30% over the past three months.
(CTXS - Get Report)
David Henshall, the CFO of Citrix
, exercised 50,000 options and netted around $1.5 million under a 10b5-1 plan. (See other
insider sales in CTXS
(SRE - Get Report)
Debra Reed exercised and sold more than 40,000 options
. She netted more than $1 million.
Martha Stewart Living Omnimedia
(MSO - Get Report)
: Martha Stewart sold 83,333 shares under a 10b5-1 plan. We think she is being cautious this time. Charles Koppelman is the only other
insider who sold
over the past three months.
Varian Medical Systems
(VAR - Get Report)
: Dow Wilson sold nearly 50,000 shares under a 10b5-1 plan.
(QCOM - Get Report)
: There are several
insiders selling QCOM
shares under 10b5-1 plans.
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