Yesterday’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.
About Kyle Pinder
