Welcome to edition thirteen of Insider Weekends. Insider buying decreased last week with insiders purchasing $20.55 million of their stock when compared to $31.62 million in the week prior. Selling also decreased with insiders selling $364.14 million worth of stock when compared to $395.72 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 went up to 17.72. In other words, insiders sold almost 18 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the week prior when the ratio stood at 12.51. 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. Cherokee Inc. (CHKE): $18.15
Chief Executive Officer Henry Stupp acquired 81,967 shares of this apparel company, paying $18.3 per share for a total amount of $1.5 million. Mr. Stupp was appointed CEO of Cherokee last week and it looks like the market did not receive him enthusiastically, with the stock dropping nearly 7% on the day of his appointment.