Welcome to edition eleven of Insider Weekends. Insider buying increased last week with insiders purchasing $45.76 million of their stock when compared to $33.42 million in the week prior. Selling also increased significantly with insiders selling $1.01 billion worth of stock when compared to $820.41 million in the week prior.
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 dropped to 22.04. In other words, insiders sold almost 22 times as much stock as they purchased. The Sell/Buy ratio this week compares favorably with the week prior when the ratio stood at 24.55. We are calculating an adjusted ratio by removing transactions by funds and companies and trying as best as possible only to retain information about insiders and 10% owners who are not funds or companies.
Notable Insider Buys:
1. Calumet Specialty Products Partners LP (CLMT): $17.51
President and CEO William Ferdinand Grube acquired 775,000 shares of this specialty hydrocarbon products company, paying $17.65 per share for a total amount of $13.68 million.