Notable Mid-Cap Insider Sells On July 9 July 10, 2012 | 6 comments | includes: ARNA, BX, LII, MRO, MSM, OREX, VVUS
In this article, I will focus on notable insider sell transactions from mid-cap companies (market cap between $2 billion and $10 billion) filed at the Securities and Exchange Commission on July 9, 2012. I have also included the key financial position of each company.
1. The Blackstone Group L.P. (BX): The Blackstone Group L.P., together with its subsidiaries, provides alternative asset management and financial advisory services worldwide. It operates in five segments: Private Equity, Real Estate, Hedge Fund Solutions, Credit Businesses, and Financial Advisory. Blackstone has a market cap of $15.97 billion and is currently trading around $12.98 with a 52-week range of $10.51 to $17.78.The stock has fallen 7.35% year to date.
According to SEC filings on July 9, 2012, Blackstone Management Associates IV LLC (Beneficial Owner) sold a total of 9,125,000 shares at a total value of $209,875,000. Over the past three months, there have been a total of five insider transactions with three Sell transactions. The key financial metrics for Blackstone are given below:
The following chart provides the insider trading summary for three-month and 12-month periods.