Earnings season is helping investors shrug off news coming out of Europe this morning. While the Spanish bond auction was deemed a success, borrowing costs increased which begs the question of sustainability?
The number of earnings beats has been to the upside when compared to the 4th quarter, but this could also be due to the lowered bar of expectations.
Insiders Report
Apple Inc. (NASDAQ:AAPL) closed down slightly on Wednesday at $608.34. AAPL saw larger than average volume yesterday with 33.6 million shares, 10 million shares more than its daily average. Jeffrey Williams (Senior Vice President) sold 4,073 shares at $589.60 on April 16.
PNC Financial Services Group Inc. (NYSE:PNC) roes 0.58% yesterday at $63.78. PNC traded 4.2 million shares on Wednesday, above its daily average of 3.5 million shares. Joan Gulley (EVP) sold 1,500 shares at $61.89 on April 16.
LeapFrog Enterprises Inc. (NYSE:LF) jumped 2.03% on Wednesday at $8.55. LF traded 598 thousand shares yesterday and trades 805 thousand shares a day on average. Mollusk Holdings LLC (10% owner) sold 30,000 shares at $8.40 on April 17.
Oracle Corporation (NASDAQ:ORCL) fell slightly yesterday and closed at $2912. ORCL had light volume on Wednesday with 20.4 million shares traded. Molina Garcia (Director) sold 3,667 shares at $28.57 on April 16.
Kellogg Company (NYSE:K) closed Wednesday down 0.37% at $53.58. K traded just over a million shares on Wednesday and trades 2 million shares a day on average. Kellogg W K Foundation Trust (10% owner) sold 19,500 shares at $53.85.
Sirius XM Radio Inc. (NASDAQ:SIRI) rose 1.34% yesterday and closed at $2.27. SIRI traded 29.9 million shares yesterday and trades 55.1 million shares a day on average. Mel Karmazin (CEO) sold 5,514,900 shares at $2.23 on April 17.
Ciena Corp. (NASDAQ:CIEN) fell 0.60% today at $16.53. CIEN has traded 3.5 million shares so far today and trades 5 million shares a day on average. Stephen Alexander (Sr VP Chief Technology Officer) sold 3,500 shares at $16.32 on April 16.
priceline.com Incorporated (NASDAQ:PCLN) jumped more than 2% on Wedesday at $732.22. PCLN traded 1.3 million shares on Wednesday, 300 thousand shares more than its daily average. Jeffery Boyd (President and CEO) sold 2,000 shares at $734.94 on April 16.
Opko Health, Inc. (NYSE:OPK) went up 1.28% yesterday and finished the day at $4.74. OPK traded 1.9 million shares so far today, 200 thousand shares more than its daily average. Phillip Frost (CEO & Chairman) bought 20,000 shares at $4.61 on April 17.
The Mosaic Company (NYSE:MOS) fell 0.61% yesterday at $50.56. MOS traded 2.1 million shares yesterday, 50% of its daily volume.. Emery Koenig (Director) bought 1,000 shares at $50.25 on April 16.
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