Stocks finished negative yesterday as investors took a step back following economic data and global worries. Economic data gave traders pause as durable goods orders rose less than expected at 2.2% in February. Analysts were expecting a 3% increase.
Europe continues to be in the headlines as Spain may have entered into its second recession in three years. As usual, political leaders, specifically the Italian prime minister, are not worried about economic troubles from another european country affecting the EU.
This news sent the Dow down 71 points, the Nasdaq down 15 points and the S&P 500 down 7 points.
Insiders Buying
Opko Health, Inc. (NYSE:OPK) closed down 1.04% on Wednesday at $4.75. OPK traded lighter than average volume with 1.2 million shares traded. The stock usually trades 1.6 million shares on average. Phillip Frost (CEO & Chairman) bought 15,000 shares at $4.80 on March 27.
Air Transport Services Group, Inc. (NASDAQ:ATSG) ended up 1.42% yesterday at $5.73. ATSG traded 231 thousand shares yesterday, slightly above its average of 223 thousand shares. Jeffrey Vorholt (Director) bought 2,000 shares at $5.69 on March 27.
Arch Capital Group Ltd. (NASDAQ:ACGL) closed Wednesday up 0.43% at $37.03. Volume was low on ACGL yesterday with 381 thousand shares traded. The stock trades 612 thousand shares a day on average. James Meenaghan (Director) bought 3,100 shares at $25.00 on March 26.
Insiders Selling
Dick’s Sporting Goods Inc. (NYSE:DKS) closed Wednesday down 2.10% at $48.01. DKS traded 1.9 million shares yesterday, 300 thousand shares more than its daily average. Joseph Schmidt (President, COO) sold 17,391 shares at $49.50 on March 26. John Duken (EVP) sold 20,000 shares at $49.52 on March 26.
PerkinElmer Inc. (NYSE:PKI) ended Wednesday down 0.97% at $27.58. PKI traded 932 thousand shares yesterday and trades 1.1 million shares a day on average. Maurice Tenney (Senior VP, President Analytical Sciences and Laboratory Services) sold 5,000 shares at $27.50 on March 26.
Analog Devices Inc. (NYSE:ADI) closed Wednesday down 0.64% at $40.12. ADI traded 2.3 million shares yesterday and trades 2.6 million shares daily on average. Jerald Fishman (President, CEO) sold 10,000 shares at $40.29 and sold 400 shares at $40.60 on March 27.
Macy’s, Inc. (NYSE:M) finished Wednesday down 0.94% at $40.04. M traded slightly over 5 million shares yesterday, 1 million shares short of its daily average. Julie Weiser (Chief Merchandise Planning Officer) sold 31,000 shares at $40.68 on March 27. Joseph Pichler (Director) sold 20,000 shares at $40.63 on March 27.
Kellogg Company (NYSE:K) closed Wednesday up 0.38% at $53.31. K traded 1.4 million shares yesterday and trades 2.1 million shares on average. Kellogg Foundation Trust (10% owner) sold 50,000 shares at $53.15 on March 27.
LeapFrog Enterprises Inc. (NYSE:LF) ended Wednesday down 2.74% at $8.16. LF traded 629 thousand shares yesterday and trades close to 800 thousand shares a day on average. Mollusk Holdings (10% owner) sold 30,000 shares at $8.39 on March 27.
Tiffany & Co. (NYSE:TIF) closed down 2.26% yesterday at $70.07. TIF traded 2.1 million shares on Wednesday, 200 thousand shares short of its daily average. Michael Kowalski (Chairman and CEO) sold 30,7200 shares at $70.34 on March 26. James Fernandez (Prin. Chief Operating Officer) sold 17,057 shares at $70.34 on March 26.
Qualcomm Incorporated (NASDAQ:QCOM) closed down 0.54% on Wednesday at $68.12. QCOM traded 9.8 million shares yesterday and trades 12.3 million shares a day on average. Daniel Sullivan (Executive Vice President) sold 93,000 shares at $67.99 on March 26.
Lowe’s Companies Inc. (NYSE:LOW) finished Wednesday up 0.13% at $31.22. LOW traded 11.3 million shares yesterday and trades 15.3 million shares a day on average. Gregory Bridgeford (EVP Business Development) sold 185,000 shares at $31.13 on March 26. Thomas Lamb (SVP Marketing & Advertising) sold 28,983 shares at $31.06 on March 26.
About Kyle Pinder
