This stock is down on a big up day. crus is up big because insiders are loading up. These two stocks look a lot alike. Only difference is insiders for one is selling tons of shares (stx) and the other is buying tons of shares (crus). I know which one I'm buying and which one I'm shorting.
Yep, they should definitely short some more today or tomorrow when it hits $20 to keep on averaging up!!! Like doubling your bets when gambling and losing, eventually you might get some of your money back providing your pockets are deep enough. I think their pockets may have holes in them from reaching in to try to hang on to their shorts! LOL Sure is fun to watch!
STX manufactures hard disk drives for the enterprise, desktop, mobile computing, and consumer electronics markets. On Friday, three insiders reported selling a total of 136,666 shares for $2.6 million under 10b5-1 plans. This included Chairman & CEO Stephen Luczo (20,000 shares), EVP Robert Whitmore (50,000 shares), and EVP William Mosley (66,666 shares). This is on top of the 150,000 shares that we reported just earlier in the week on Monday that insiders sold, so that insiders have reported selling a total of 0.29 million shares for $5.3 million just in the past three trading days. In comparison, insiders have sold a total of 2.94 million shares in the past year. The strong pick-up in selling has coincided with the recent run-up in the stock in the last week after the company announced strong guidance the prior week, stating that it expected Q2 (December 2011) revenues at $3.1-$3.2 billion and Q3 (March 2012) revenues at $4.2-$4.5 billion versus the consensus estimates of $2.8 billion and $3.8 billion respectively.
Stock price rising or falling has absolutely zero effect on the return on my investment. The present dividend is returning a very nice percentage of my investment in the stock. No plans to sell it, so why should I care who on the inside sells or buys. That is not a big factor in my DD because of the fact they need to exercise their options from time to time.
you brought up dividends and how you were enjoying them, your not being objective with this stock and refuse to notice the insiders sell each and every Q before earnings. pull up a chart that that shows stock price and insider sales. each and every time price plummits.