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Welcome to edition 430 of Insider Weekends. Insider buying increased significantly last week with insiders purchasing $106.41 million of stock compared to $38.88 million in the week prior. Selling also increased with insiders selling $1.72 billion of stock last week compared to $1.11 billion 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 declined to 16.12. In other words, insiders sold more than 16 times as much stock as they purchased. The Sell/Buy ratio this week compares favorably with the prior week, when the ratio stood at 28.6.
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. Energy Transfer Partners, L.P. (ETP): $22.27
Chief Executive Officer Kelcy L. Warren acquired 2,000,000 shares of this energy storage and transportation company, paying $22.42 per share for a total amount of $44.85 million. Mr. Warren increased his stake by 87.43% to 4,287,442 shares with this purchase.