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Welcome to edition 409 of Insider Weekends. Insider buying decreased last week with insiders purchasing $14.96 million of stock compared to $36.98 million in the week prior. Selling on the other hand increased with insiders selling $692.06 million of stock last week compared to $562.24 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 46.26. In other words, insiders sold more than 46 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 15.26.
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. Entercom Communications Corp. (ETM): $10.05
Chairman Emeritus Joseph M. Field acquired 431,838 shares of this radio broadcasting company, paying $9.66 per share for a total amount of $4.17 million. Mr. Field increased his stake by 7.34% to 6,318,735 shares with this purchase.