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Welcome to edition 396 of Insider Weekends. Insider buying edged up a little last week with insiders purchasing $20.21 million of stock compared to $18.16 million in the week prior. Selling more than doubled with insiders selling $1.16 billion of stock last week compared to $532.15 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 purchases that week. The adjusted ratio for last week went up to 57.49. In other words, insiders sold more than 57 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 29.3.
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. Signet Jewelers Limited (SIG): $55.07
President of JamesAllen.com, Oded Edelman, acquired 90,398 shares of this specialty jewelry retailer (parent of Kay Jewelers, Jared The Galleria Of Jewelry, H.Samuel, and Ernest Jones), paying $55.31 per share for a total amount of $5 million. These shares were purchased indirectly by Oeysan LTD.