Insiders Trading Report for March 29

Traders at the NYSEYesterday’s whipsawing action on the domestic markets may be a sign of a slow down looming. Europe is looking like it wants to turn its sovereign debt crisis into a never ending mini-series. The Dow managed to recover all of its losses on the day and closed up 19 points. The Nasdaq and S&P remained in negative territory, dropping 10 and 2 points respectively.

Jobless data yesterday was massaged by revisions to make it appear as a drop in claims. The print from the week previous was revised upwards to 364k. Created a better looking headline of a 5k drop in claims. Will be interesting to see when earnings season starts anew in the coming weeks, plus the late April Fed meeting.

Insiders Buying

Opko Health, Inc. (NYSE:OPK) closed Thursday down 0.85% at $4.69. OPK traded 1.8 million shares on Thursday, slightly above its daily average of 1.6 million shares. Phillip Frost (CEO & Chairman) bought 20,000 shares at $4.75 on March 28.

Charming Shoppes Inc. (NASDAQ:CHRS) finished Thursday up 7.46% at $6.05. CHRS traded 4.4 million shares yesterday, triple its average volume. Leon Cooperman (10% owner) bought 385,000 shares at $5.64 on March 27 and bought 47,600 at $5.30 on March 28.

Cenveo Inc. (NYSE:CVO) finished up 1.81% on Thursday at $3.37. CVO traded 661 thousand shares yesterday and trades 765 thousand shares a day on average. Ian Scheinmann (SVP) bought 1,500 shares at $3.30 on March 27.

Progenics Pharmaceuticals Inc. (NASDAQ:PGNX) closed Thursday down 0.50% at $9.89. PGNX traded 100 thousand shares yesterday and trades 123 thousands hares a day on average. Mark Baker (CEO) bought 343 shares at $10.13 on March 28.

Insiders Selling

PerkinElmer Inc. (NYSE:PKI) ended yesterday up 0.33% at $27.67. PKI traded 780 thousand shares on Thursday and trades 1.1 million shares a day on average. Andrew Okun (VP, Chief Accounting Officer) sold 2,334 shares at $28.00 on March 27.

Signet Jewelers Limited (NYSE:SIG) closed Thursday down 0.74% at $48.60. SIG traded 1.4 million shares yesterday, double its daily average. Mark Light (CEO) sold 26,557 shares at $50.03 on March 27. William Montalto (COO) sold 10,946 shares at $50.03 on March 27.

Mohawk Industries Inc. (NYSE:MHK) finished Thursday down 0.81% at $66.31. MHK traded 549 thousand shares yesterday and trades 591 thousand shares a day on average. David Kolb (Director) sold 100 shares at $67.20 on March 27.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) closed Thursday down 0.13% at $76.30. CTSH traded 1.5 million shares yesterday and trades 2.1 million shares a day on average. Rajeev Mehta (Group Chief Exec) sold 3,710 shares at $78 on March 27.

Tiffany & Co. (NYSE:TIF) ended down 1.46% on Thursday at $69.05. TIF traded 2.7 million shares yesterday, slightly higher than the 2.4 million shares it trades on average. Michael Kowalski (Chairman & CEO) sold 34,480 shares at $69.78 on March 28.

Analog Devices Inc. (NYSE:ADI) closed Thursday down 0.27% at $40.01. ADI traded 2.3 million shares yesterday and trades 2.6 million shares a day on average. Jerald Fishman (President & CEO) sold 4,600 shares at $40.43 on March 28. Yves Istel (Director) sold 2,930 shares at $40.04 on March 28.

Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) finished Thursday up 0.25% at $40.54. VRTX traded 1.2 million shares yesterday and trades 2.8 million shares a day on average. Joshua Boger (Director) sold 4,000 shares at $40.61 on March 28.

Google Inc. (NASDAQ:GOOG) finished Thursday down 1.12% at $648.41. GOOG traded 1.8 million shares yesterday and trades 2.7 million shares a day on average. Eric Schmidt (Executive Chairman of Board) sold 2,750 shares at $649.65 on March 27.

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About Kyle Pinder

Kyle Pinder has has over five years trading and research experience in the large cap space. While still in grad school, Kyle trades daily and keep Active Investor up to date with the latest breaking news coming out of Wall Street and Washington.

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