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Insider Weekends – Interim CEO of GNC Buys $5 Million Worth of Stock

  • February 26, 2017

Welcome to edition 349 of Insider Weekends. Insider buying increased more than three times with insiders buying $156.38 million of stock compared to $50.18 million in the week prior. Selling also increased with insiders selling $2.45 billion of stock last week compared to $1.91 billion in the week prior. Nearly 88% of the insider buying last week was related to Carl Icahn’s participation in a rights offering as discussed below. Beyond that purchase, insider buying continues to remain muted.

Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week dropped to 15.65. In other words, insiders sold more than 15 times as much stock as they purchased. The Sell/Buy ratio this week compares favorably with the prior week, when the ratio stood at 38.04.

Note: As mentioned in the first post in this series, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.

Notable Insider Buys:

1. Icahn Enterprises L.P. (IEP): $54.98

Shares of this conglomerate were acquired by 3 insiders:

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