Wed, Nov 26, 2014, 11:48 AM EST - U.S. Markets close in 4 hrs 12 mins


% | $
Quotes you view appear here for quick access.

Insmed Incorporated Message Board

  • zake1 zake1 Mar 25, 2014 3:09 PM Flag

    Check out Wells Fargo

    Got this tip from a fellow board poster..
    Wells Fargo & Company 1,907,779 4.86 32,432,243 Dec 31, 2013
    They now own almost 5%....hmmmm

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • michael_coen Apr 1, 2014 1:17 PM Flag

      My posts don't last long here; I tried (several times) to let folks know that Wells acquired about 7.4% of insmed in Q4. They are not previously a big holder of Insmed stock.

      We know (already) Wells Fargo Company MN (CIK 72971) filed their 13F-HR on 02/06/2014 declaring 1,907,779M shares (1865445+38852+3482=same as Nasdaq summary)

      Later I found form N-Q filed 02/27/2014 for Wells Fargo Funds Trust (CIK 1081400) with another 1,000,800 shares

      I cannot find a link between the two, so I believe these entities are unrelated. Thus Wells Fargo owns 2.9M shares in Insmed. As far as I know, they should declare the (combined) interest (7.4%) as being greater than 5%. It's very sneaky if you ask me, since the 1.9M is deliberately (in my view) under 5% (about 4.9% of outstanding shares)

      I think Insmed is a serious take-over target now, but I don't trust Insmed as far as I can spit, so who knows how this pans out.

    • Michael_Coen? I have Wells Capital Management at 1.9M shares as of mid February in the top ten Inst's

      Sentiment: Buy

14.41+0.17(+1.19%)11:47 AMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.