If traders were looking for a sign of QE3 yesterday they were sorely disappointed. The release of the FOMC minutes showed that the Fed would exercise caution in regards to further easing. The release of minutes sent the precious metals market tumbling and snapped the Dow’s three-day winning streak.
The Dow closed down 65 points to 13,200. Tech stocks fared better with the Nasdaq only down 6 points at the close, and the S&P matched those declines.
Opko Health, Inc. (NYSE:OPK) closed Tuesday down 1.03% at $4.81. OPK saw above average volume today with over 2 million shares traded. Phillip Frost (CEO & Chairman) bought 45,000 shares at $4.68 on April 2.
Signet Jewelers Limited (NYSE:SIG) finished yesterday up 1.71% at $48.12. SIG traded 1.3 million shares yesterday, double its daily average volume. William Montalto (US COO) sold 35.367 shares at $47.92. George Williamson (Director) bought 744 shares at $47.90.
Paramount Gold and Silver Corp. (AMEX:PZG) ended Tuesday up 2.55% at $2.41. PZG saw heavy volume on Tuesday with 3.9 million shares traded, nearly 4 times its daily average volume. FMCI Financial Corp. (10% owner) bought 1,170,732 shares at $2.05 on March 30.
Lexmark International Inc. (NYSE:LXK) closed Tuesday down 0.45% at $33.04. LXK traded 916 thousand shares yesterday and trades 926 thousand shares a day on average. Stephen Hardis (Director) bought 712 shares at $33.25 on April 2.
Yum! Brands, Inc. (NYSE:YUM) closed Tuesday up 1.01% at $70.71. YUM traded 4.1 million shares yesterday, 600 thousand shares more than its daily average. Jonathan Blum (SVP and Chief Public Affairs) sold 3,492 shares at $70.49 on April 2. Greg Creed (CEO Taco Bell) sold 3,413 shares at $70.48 on April 2.
Analog Devices Inc. (NYSE:ADI) ended yesterday down 2.06% at $39.08. ADI traded 3.5 million shares yesterday, well above its daily average of 2.7 million shares. Samuel Fuller (VP, Research and Development) sold 2,500 shares at $40.49 on March 30. Jerald Fishman (President and CEO) sold 10,000 shares at $40.44 on March 30.
Hershey Co. (NYSE:HSY) closed Tuesday down 0.66% at $61.47. HSY traded average volume on Tuesday with 1.1 million shares traded. Burton Snyder sold 13,817 shares at $61.56 on March 30 and sold 78,818 shares at $61.55 on April 2.
CBL & Associates Properties Inc. (NYSE:CBL) closed yesterday unchanged at $19.09. CBL traded 1.5 million shares yesterday and trades 1.7 million shares a day on average. Augustus Stephas sold 10,800 shares at $18.94 on April 2.
LeapFrog Enterprises Inc. (NYSE:LF) finished Tuesday up 0.70% at $8.63. LF traded 610 thousand shares yesterday and trades nearly 800 thousand shares a day on average. Mollusk Holdings LLC (10% owner) sold 30,000 shares at $8.49 on April 2.
Google Inc. (NASDAQ:GOOG) closed down 0.66% on Tuesday at $642.62. GOOG traded just over 2 million shares yesterday and trades 2.7 million shares a day on average. John Doerr (Director) sold 12,933 shares at $644.40 on April 2.
Jabil Circuit Inc. (NYSE:JBL) ended yesterday down 1.61.% at $25.00. JBL traded 4.7 million shares yesterday, nearly double its daily average. Timothy Main (President and CEO) sold 115,600 shares at $25.25 on March 30.
Sealy Corporation (NYSE:ZZ) closed down nearly 2% on Tuesday at $2.03. ZZ traded 416 thousand shares on Tuesday and trades 465 thousand shares a day on average. Jeffrey Ackerman (EVP and CFO) sold 55,000 shares at $2.01 on March 30.
About Rachel Brook
