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Insider Weekends – July 16, 2010

  • July 17, 2010

Welcome to the sixth edition of Insider Weekends. Insider buying fell to its lowest level since we started collecting this information in the last week of April. Insiders purchased just $6.45 million of their stock last week while selling picked up pace with insiders selling $316.4 million worth of stock. We removed a very large $100 million transaction both on the buy side and the sell side for movie theater company Regal Entertainment Group (RGC) as it was simply a transfer of stock and not actual insider buying or selling.

Sell/Buy Ratio:

The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider buying in that week. The adjusted ratio for last week jumped up to 49.07. In other words, insiders sold almost 49 times as much stock as they purchased. This compares unfavorably with the week prior when the ratio stood at 32.90 and just 2.55 the week before that. We are calculating an adjusted ratio by removing transactions by funds and trying as best as possible only to retain information about insiders and 10% owners who are not funds.

Notable Insider Buys Last Week:

1. Monsanto Company (MON) $56.20

Chairman, President & CEO, Hugh Grant acquired 37,500 shares of this Agricultural Products Company, paying $52.06 per share for a total amount of $1.95 million. EVP and CFO Carl Casale also acquired 30,000 shares, paying $52.09 per share for a total amount of $1.56 million.

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