The Fed gave the market quite a jolt yesterday morning when he uttered the word ‘stimulus’. Once in the mind of investors, it sent the market soaring. Every major index closed up better than a percent.
This was set against the backdrop of yet another data miss. Pending home sales dipped on expectations of a rise from January to February. Lends credence to Bernanke’s call for more stimulus.
Insiders Selling Watchlist
LeapFrog Enterprises Inc. (NYSE:LF) closed up 2.35% on Monday at $8.26. LEAP traded 637 thousand shares and averages 798 thousand shares a day on average. Mollusk Holdings (10% owner) sold 30,000 shares at $7.94 on March 23.
BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) ended Monday up 2.68% at $35.22. BMRN traded 782 thousand shares on Monday and trades nearly 1.1 million shares a day on average. Mark Wood (VP, Human Resources) sold 1,855 shares at $35.65 on March 22.
PetroQuest Energy Inc. (NYSE:PQ) closed Monday up 0.15% at $6.52. PQ traded 645 thousand shares and trades 947 thousand shares a day on average. William Zehnder (Chief Operating Officer) sold 8,546 shares at $6.53 on March 23.
Ball Corporation (NYSE:BLL) closed Monday up 1.07% at $41.33. BLL traded below average volume on Monday with 884 thousand shares traded. The stock typically trades just over a million shares a day on average. Lisa Pauley (SR VP, HR & Administration) sold 15,162 shares at $40.99 on March 23.
HMS Holdings Corp. (NASDAQ:HMSY) ended Monday up 1.44% at $31.78. HMSY traded 501 thousand shares and trades 739 thousand shares a day on average. William Lucia (CEO) sold 15,000 shares at $30.75 on March 22.
Progress Energy Inc. (NYSE:PGN) finished Monday up 1.03% at $52.85. PGN traded 1.8 million shares on Monday, above its daily average of 1.5 million shares. Jeffrey Lyash (Executive Vice President) sold 4,000 shares at $52.51 on March 23.
The Travelers Companies, Inc. (NYSE:TRV) closed Monday up 1.12% at $58.85. TRV traded 3.2 million shares yesterday, 300 thousand shares more than it usually trades. Jay Benet (Vice Chairman and CFO) sold 2,222 shares at $58.16 on March 23.
Perrigo Co. (NASDAQ:PRGO) ended Monday up 0.66% at $103.26. PRGO traded 578 thousand shares and trades 947 thousand shares a day on average. Joseph Papa (President and CEO) sold 5,000 shares at $102.25 on March 22.
The Coca-Cola Company (NYSE:KO) closed Monday up 0.57% at $71.90. KO traded 5.7 million shares and trades 7.5 million shares a day on average. Harry Anderson (Senior Vice President) sold 15,000 shares at $71.45 on March 22.
Tiffany & Co. (NYSE:TIF) finished Monday up 1.23% at $72.33. TIF traded 2.5 million shares yesterday, slightly higher than its average of 2.4 million shares. Henry Iglesias sold 165 shares at $72.25 on March 22.
FirstEnergy Corp. (NYSE:FE) closed Monday up 0.76% at $45.06. FE traded 2.4 million shares on Monday and trades 3.2 million shares a day on average. Donald Schneider (President) sold 6,999 shares at $44.56 on March 22.
Ariad Pharmaceuticals Inc. (NASDAQ:ARIA) ended Monday up 3.82% at $16.32. ARIA traded 4.7 million yesterday, well above its daily average of 3.2 million shares. David Bernstein (Senior VP) sold 10,533 shares at $15.41 on March 23. Timothy Clackson (President, R&D, CSO) sold 15,333 shares at $15.41 on March 23. Edward Fitzgerald (Executive VP, CFO) sold 12,933 shares at $15.41 on March 23. Pierre Dodion (SVP, Corp. Dev. & Operations) sold 24,901 shares at $15.29 on March 23. Raymond Keane (SVP General Counsel & CCO) sold 10,533 shares at $15.41 on March 23.