As the US stocks futures struggle to maintain early gains after the disappointing data, several stocks reported heavy insider buying. Some notable stocks are discussed here.
Unilife Corporation (Nasdaq: UNIS) a U.S. based developer and commercial supplier of advanced drug delivery systems, said that its CEO A. Shortall has bought 67,000 shares for a total value of $67,000 at an average price of $3.82 per share. UNIS last traded at $3.84 per share on Wednesday.
Commercial Metals Company (NYSE: CMC) a manufacturer, recycler and marketer of steel said that its CFO B. Smith has purchased 2,000 shares for a total value of $30,000 at $14.88 per share. The purchase came after Carl Icahn’s takeover bid to acquire the company got expired. CMC was trading higher by 0.50 percent to $13.95 in the pre-market trading on Thursday.
Lululemon Athletica Inc. (Nasdaq: LULU) an operator and franchiser of yoga inspired athletic apparel stores for women, men and female youth in North America and Australia, said that its Chairman of the Board Dennis Wilson sold 448,000 shares for a total value of $25,991,000 at price in the range of $52.64 to $62.01 a share. LULU was trading lower by 0.73 percent to $60.13 in the pre-market trading today.
Roper Industries Inc. (NYSE: ROP) a diversified growth company and is a constituent of the S&P 500, Fortune 1000, and the Russell 1000 indices, said that its CFO J. Humphrey sold 54,000 shares for a total value of $4,859,000 at an average price of $90.10 per share. ROP last traded at $92.06 a share on Wednesday.
Macy’s Inc. (NYSE: M) nation's premier retailers, with fiscal 2010 sales of $25 billion, said that its Officer P. Sachse has sold 41,000 shares for a total value of $1,423,000 at an average price of $34.72 per share. The shares that were sold were acquired by exercising options. Shares of Macy’s have performed well in the last one year, gaining about 45 percent in value. M was trading higher by 0.06 percent to $34.86 in the pre-market trading today.
Helen of Troy Limited (Nasdaq: HELE) a leading global consumer products company that offers creative solutions for its customers through a strong portfolio of well-recognized and widely-trusted brands, said that its CEO G. Rubin has sold 109,000 shares for a total value of $3,510,000 at $32.23 per share. HELE last traded at $31.98 per share, yesterday.