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Welcome to edition 385 of Insider Weekends. Insider buying decreased last week with insiders purchasing $54.01 million of stock compared to $85.03 million in the week prior. Selling more than doubled for a second week in a row with insiders selling $2.98 billion of stock last week compared to $1.32 billion in the week prior. More than a third of this selling was as a result of Jeff Bezos selling Amazon.com (AMZN) stock as discussed below.
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 went up to 55.24. In other words, insiders sold more than 55 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavourably with the prior week, when the ratio stood at 15.5.
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. Omega Healthcare Investors, Inc. (OHI): $28.39
Shares of this healthcare REIT were acquired by 2 insiders: